Saudi c.bank membership to be expanded - governor to state TV

The governor, Ahmed al-Kholifey, said there would be no interference in the operations of the central bank, Ekhbariya said

  
Saudi Arabia's central bank governor Ahmed al-Kholifey speaks at the meeting of G20 finance ministers and central bank governors in Riyadh, Saudi Arabia, February 22, 2020.

Saudi Arabia's central bank governor Ahmed al-Kholifey speaks at the meeting of G20 finance ministers and central bank governors in Riyadh, Saudi Arabia, February 22, 2020.

REUTERS/Ahmed Yosri

DUBAI  - The Saudi central bank will have seven members instead of five and they will serve for seven-year terms that can be renewed, its governor told state TV channel Ekhbariya, after it was announced the bank's name would change from the Saudi Arabian Monetary Authority to Saudi Central Bank. 

The governor, Ahmed al-Kholifey, said there would be no interference in the operations of the central bank, Ekhbariya said on Twitter.

(Reporting by Maher Chmaytelli; Writing by Yousef Saba; Editing by Alex Richardson) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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