ID :
42919
Wed, 01/28/2009 - 10:25
Auther :

Deputy Governor of SAMA presents at GCF solutions to address


Riyadh, January 27, SPA -- Deputy Governor of the Saudi Arabian
Monetary Agency (SAMA), Dr. Mohammad bin Suleiman Al-Jasser presented
at the Global Competitiveness Forum (GCF), solutions to address the
global financial crisis, topping is the infusion of large amounts of
cash money into the banks so that they could be able to resume its
activities.

He said "We worked in the kingdom on pumping the liquidity into the
banks after undertaking control measures by SAMA, pointing out that
policies in the future have to be more restricted through more tight
government

The session's discussions have included how to avoid similar crises
in the future and the impact of the current financial crisis on the
development of emerging markets in addition to the ability of the
Kingdom of Saudi Arabia to benefit from the global financial crisis.

--SPA

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