Faisal Al-Sarraj speaks to Bloomberg AlSharq on the growing Saudi Economy
19 January, 2023
Faisal Al-Sarraj, Deputy Country Leader, at PwC Middle East in Saudi Arabia to Bloomberg AlSharq: Saudi banks faced a number of liquidity squeezes in 2022, and there were challenges obtaining short-term funding from interbank markets. This is largely because of the unprecedented increase in interest rates, which mirrors the US federal reserve funds rate as KSA operates a pegged exchange rate.
Watch the interview here.
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