September 24, 2019 / 5:23 PM / a month ago

Saudi central bank governor says attack on Aramco had no monetary impact

FILE PHOTO: A metal part of a damaged tank is seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia, September 20, 2019. REUTERS/Hamad l Mohammed/File Photo

KUWAIT (Reuters) - The Sept. 14 attacks on Saudi Aramco facilities had no monetary impact on Saudi Arabia, the kingdom’s central bank governor said in an advance copy of an interview provided by Kuwait’s Al Rai newspaper that will be published on Wednesday.

Governor Ahmed al-Kholifey was echoing comments made by the country’s finance minister last week, who said the attacks had no impact on government revenue.

Kholifey added that Saudi banks have not seen any unusual movement on money withdrawals after the attacks which initially knocked out half the kingdom’s oil production and damaged the world’s biggest crude oil processing plant.

The governor said last week that Saudi economic growth this year will not be far off IMF forecasts.

The IMF expects the Saudi economy to grow 1.9%, slower than the 2.2% in 2018, but some economists are more bearish due to oil output cuts.

He also said last week the central bank did not expect any shortage in Saudi banks’ liquidity but was prepared to support the market if needed.

Reporting By Ahmed Haggagy, writing by Marwa Rashad; Editing by Chizu Nomiyama and David Evans

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