November 16, 2017 / 5:27 PM / a year ago

Saudi central bank says no big money outflow due to graft crackdown -CNN

DUBAI, Nov 16 (Reuters) - There has been no big outflow of money from Saudi Arabia as a result of the sweeping anti-corruption crackdown that was announced two weeks ago, central bank governor Ahmed al-Kholifey told CNN television on Thursday.

“We see some increase, but it’s not that much,” he said, adding that the increase was in the form of corporate transfers of money, and that large amounts of money were not being transferred out of the country by individuals. (Reporting by Andrew Torchia)

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