A Saudi official says the Kingdom is facing no liquidity problem and rules out negative effects on its economy from the global credit crisis. Mohammed Al-Jasser, Deputy Governor of the Saudi Arabian Monitory Agency (SAMA), was quoted as saying by Saudi Press Agency that the central bank was capable of dealing with any liquidity need. Al-Jasser said bank deposits were safe and economic growth healthy. Al-Jasser also has assured borrowers that banks will continue usual lending operations.
