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BOOSTING STABILITY

Saudi cbank to inject $5.33bn into banking system

RIYADH, September 25, 2016

Saudi Arabia's central bank said on Sunday it has decided to inject around SR20 billion ($5.33 billion) in time deposits into the banking system to boost financial stability.

It has introduced two new maturity periods for repurchase agreements aiming to help boost financial stability in the local market.

The Saudi Arabian Monetary Agency (Sama) said local market indicators were good. - Reuters




Tags: Saudi Arabia | Central Bank | deposit |

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