Saudi Arabia Removes Central Bank Governor

The video discusses the sudden leadership change in Saudi Arabia's central bank, highlighting the return of a previous governor and the expanded mandate to promote economic growth. It also covers the shift in roles between the central bank and the Public Investment Fund (PIF), which is now focusing on regulating the financial system and supporting development projects. The PIF's ambitious new targets, including increasing assets under management to over a trillion dollars, are also explored, along with the challenges of achieving these goals through large investment projects like Neom city.

Who was appointed as the new central bank governor after Ahmed Al-Kholifey's removal?

• Yasir Al-Rumayyan

• Mohammed Al-Jadaan

• Khalid Al-Falih

• Fahad Al-Mubarak

What is the expanded mandate of the central bank under the new leadership?

• Focus solely on oil reserves

• Manage international trade agreements

• Oversee the Public Investment Fund

• Promote economic growth and regulate the financial system

What role is the Public Investment Fund (PIF) increasingly taking on?

• Managing the Kingdom's financial resources

• Overseeing international trade

• Regulating the local financial system

• Managing the Kingdom's oil reserves

What is the target for the PIF's assets under management in the next five years?

• 750 billion dollars

• Over a trillion dollars

• 500 billion dollars

• 1.5 trillion dollars

What is one of the major projects that the PIF is investing in?

• Riyadh Metro

• NEOM city

• King Abdullah Economic City

• Jeddah Tower