(MENAFN) Saudi Arabia"s monetary system was affected by the rising oil prices, and the increasing production resulted in higher revenues, according to Arab News
The monetary base (M0) recorded its annual shrinkage of 9.7 percent, reaching USD80.64 billion.
The National Commercial Bank (NCB) said that M0 also fell on a monthly basis by 0.9 percent
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.