Browsing Tag

money supply

Saudi banks’ money supply increases 9% in June to reach $773bn

Saudi banks’ money supply rose 9 percent in June compared to the same month of 2023 to reach SR2.9 trillion ($773 billion), official data showed. According to figures released by the Saudi Central Bank, also known as SAMA, the increase…
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Business

Saudi banks’ money supply surges over 8% in May to reach record high

Saudi banks’ money supply hit record levels in May, reaching SR2.825 trillion ($753.31 billion) after seeing an annual increase of 8.56 percent, official data showed. According to the analysis released by the Saudi Central Bank, also…
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Business

Saudi banks’ money supply surges 10% to reach $726bn in January

Saudi Arabia’s money supply surged 10 percent in January to reach SR2.72 trillion ($726 billion), the central bank data showed. The growth was primarily driven by a substantial rise in banks’ term and savings accounts, which recorded a…
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