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FINANCIAL NEWS
Saudi money supply grows 13.5 percent
27 Dec 2013
(MENAFN) M3 money supply saw a significant growth in Saudi Arabia after the 13.5 percent growth year-on-year in November compared to the fourteen-month low of 10.4 percent in October, according to Arab News.
Bank lending to the private sector grew by 13.8 percent compared to 13.5 percent during the period.
Net foreign assets of the central bank reached USD713 billion in November.
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