Saudi Arabia's net foreign assets fall in February

Posted by 7Star Sunday, April 5, 2009

Saudi Arabia's net foreign assets made their sharpest fall in at least two years in February after the global crisis hit markets, but money supply growth picked up pace for the first time since October, official data showed. The Saudi Arabian Monetary Agency's (SAMA) net foreign assets stood at 1.585 trillion riyals ($422.67 billion) in February, down 2 percent from January, data published on the central bank's website showed.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog