Minister of Finance, SAMA Governor attend Shura Council session
February 17, 2008
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The Shura (Consultative) Council met in Riyadh today to discuss the revaluation of Saudi riyal against the US dollar, rising inflation and a GCC common currency. |
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Minister of Finance Ibrahim Al-Assaf and Governor of the Saudi Arabian Monetary Agency (SAMA) Hamad Al-Sayyari also attended the session. In remarks, Al-Assaf said that SR 10 billion has been earmarked for a public housing program, and highlighted the Kingdom’s successful taxation and retirement systems. For his part, Al-Sayyari noted that SAMA has granted 10 licenses to Gulf and international banks to operate in Saudi Arabia. |
