Jun 22 (Reuters) - Saudi Arabia's M3 money supply growth
accelerated to 16.2 percent year-on-year at the end of May, the
fastest rate since April 2011, from 14.1 percent in the previous
month, central bank data showed on Saturday.
Bank lending to the private sector rose 16.5 percent in May,
the fastest clip since February 2009, after a 16.0 percent
increase in the previous month.
The central bank's net foreign assets reached a record high
of 2.538 trillion riyals ($676.8 billion) in May, the data also
SAUDI MONEY SUPPLY END-MAY 13 END-APRIL 13 END-MAY 12
M1 change yr/yr (pct) 18.6 18.1 12.1
M2 change yr/yr 15.6 15.1 9.2
M2-M1 change yr/yr 7.3 6.7 1.9
M3 pct change yr/yr 16.2 14.1 7.7
Bank private sector claims 16.5 16.0 13.0
SAUDI C.BANK NET FOREIGN ASSETS
(bln riyals) 2,538.1 2,506.4 2,187.9
pct change yr/yr 16.0 17.0 21.4
NOTE. Percentage changes are a Reuters calculation based on
($1 = 3.75 Saudi Riyals)
(Reporting by Angus McDowall; Editing by Toby Chopra)
Keywords: SAUDI MONEYSUPPLY/
(Martin.Dokoupil@thomsonreuters.com)(+971 4 362 5832)(Reuters Messaging: email@example.com)
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