2003 News Story

King Fahd receives 39th annual SAMA report

Custodian of the Two Holy Mosques King Fahd bin Abdulaziz today received SAMA's 39th annual report from Governor of the Saudi Arabian Monetary Agency (SAMA) Hamad Al-Sayyari. In his presentation speech he reported progress in the Saudi economy, including a drop in 2002 of the general cost of living index by 0.6 percent, and a surplus in the balance of payments of SR 44.5 billion [U.S. $ 11.88 billion].