The Saudi Arabian Monetary Authority (SAMA) reported that the available liquidity in the Kingdom of Saudi Arabia grew significantly after the September 11 attacks on the United States, reported Al-Watan. SAMA reported that the available liquidity in the local market grew to 262.6 billion Saudi Riyals ($70 billion) by the end of October 2001, a 5.7 percent rise compared with October 2000. Liquidity re-increased to SR 328 billion ($88 billion) by the end of November 2001. This means that SR 65 billion worth of funds returned to the Kingdom within a single month. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
