Saturday 5 October 2013

Saudi Arabia central bank says not worried about U.S. debt limit | Reuters

Saudi Arabia central bank says not worried about U.S. debt limit | Reuters:

"The central bank of Saudi Arabia, one of the world's top holders of U.S. government bonds, said on Saturday it was not worried by the political deadlock in Washington that could cause the United States to default on its debt.

Asked if he was concerned, central bank governor Fahad al-Mubarak told reporters: "No. They have been there before and it has been resolved." He did not elaborate.

Mubarak was speaking on the sidelines of meetings of Gulf Arab monetary and finance officials in Riyadh."

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