Saturday, Nov 03, 2012
RIYADH (Zawya Dow Jones)--Saudi Arabia's M3 money supply grew 11.4% on year in September, according to data released Saturday by the kingdom's central bank.
M3, the broadest measure of money supply and an indicator of future inflation, rose to 1.31 trillion riyal ($344 billion) in September, up from SAR1.18 trillion a year earlier, and up from SAR1.29 trillion in August, according to data posted on the website of the Saudi Arabian Monetary Agency.
The central bank's net foreign assets reached SAR2.4 trillion in September, the central bank said.
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(END) Dow Jones Newswires
03-11-12 0851GMT
