Sunday, 23 June 2013

Qatar leads GCC money supply growth on pvt sector deposits

"Driven by private sector deposits, Qatar recorded the highest money supply growth rate (37.4%) in the region during the first quarter of 2013, QNB has said in a report.

Last year, the country’s money supply growth rate was due to foreign currency deposits.

According to QNB, this reflects a significant shift in trend, compared with the traditional source of money supply growth in Qatar, which may indicate a higher growth contribution from the non-oil sector."

'via Blog this'

No comments:

Post a Comment