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Friday, 27 November 2009 14:28 UAE time

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Saudi money supply growth eases slightly in June

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 28 July 2008
DOLLAR PEGGED: M3 growth was still over 20 percent in June. (Getty Images)
DOLLAR PEGGED: M3 growth was still over 20 percent in June. (Getty Images)

Growth in Saudi Arabian money supply eased slightly to 21.34 percent in June from 21.64 percent in May, the central bank said on Monday.

M3, the broadest measure of money circulating the Saudi economy, hit 860.7 billion riyals ($229.5 billion) at the end of June compared with 709.30 billion riyals a year earlier, the Saudi Arabian Monetary Agency said in a monthly report on its website.

The central bank's total net foreign assets hit 1.41 trillion riyals at the end of June compared with 875.25 billion riyals a year earlier, it added. (Reuters)

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