End of Wealth: Raw Materials Crisis Hits Saudi Arabia, Rich OPEC Countries

Friday, August 7, 2015
By Paul Martin

SputnikNews.com
07.08.2015

Saudi Arabia is planning to issue government bonds amounting to 27 billion dollars. The country is experiencing a loss of revenue due to the fall in oil prices.

The raw materials crisis has now reached the rich OPEC countries, DWN reported.

Thus, Saudi Arabia has to take corresponding financial measures to counteract the fall in oil prices and ensure the liquidity of its state budget.

According to the newspaper, the country is planning to issue government bonds of a total volume of 27 billion dollars by the end of the year. The maturities of the bonds will be five, seven and ten years.

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