Saudi Arabia has not bailed out any of its banks or financial institutions and has no plans to do so, the governor of Saudi Arabian Monetary Agency said on Monday.
"Saudi Arabia is one of the very few countries in the world that did not need at all to bail out our financial institutions or even try and go to clean up their portfolios," Mohammad Al Jasser said on the sidelines of an event in Riyadh.
"We didn't need to do any of that because we acted counter-cyclically before the crisis hit and I promise to keep it that way.”
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