Saudi Arabia injects $5.3B as banking system squeezed via ForexLive

Saudi central bank injects about 20 billion riyals The oil crunch is hurting Saudi Arabian banks and leading to a liquidity squeeze. On Sunday the Saudi central bank decided to give them nearly $5.3 in time deposits along with introducing 7-day and 28-day repo agreements.

posted via ForexLive

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!