14.12.2011 - Saudi Sukuk may serve monetary policy goals
A proposed Islamic bond issue by Saudi Arabia is important not so much because it would raise money for the country the Kingdom does not need the cash but because it could serve important monetary policy goals. By making the first substantial issue of government debt for several years, authorities could pave the way for more issues if they chose. These could become a useful means to soak up funds from banks and prevent inflationary pressure from rising...............................................Full Article: Source
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