‎Saudi foreign reserve assets hit SAR 1.85T

‎Saudi foreign reserve assets hit SAR 1.85T ‎Saudi foreign reserve assets hit SAR 1.85T

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The Kingdom of Saudi Arabia’s flag

Saudi Arabia’s foreign reserve assets declined by about SAR 6.5 billion, or 0.3%, month-on-month (MoM) in April, reaching SAR 1.86 trillion, according to the Saudi Central Bank (SAMA).

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Net foreign assets rose by 13% year-on-year (YoY), or SAR 208.4 billion.

Reserve assets include foreign currency reserves (investments in foreign securities, foreign cash and deposits abroad), reserve positions at the International Monetary Fund, Special Drawing Rights (SDRs), and monetary gold.

Foreign currency reserves, which account for around 95% of total assets, increased 13% YoY to SAR 1.76 trillion in April.

Reserves at the International Monetary Fund (IMF) climbed by 2% to SAR 12.97 billion during the same month.

SDRs, however, edged down 0.5% to SAR 79.8 billion.

Meanwhile, gold reserves stabilized at SAR 1.62 billion, maintaining the same level since February 2008.

 

The Kingdom of Saudi Arabia’s flag

Saudi Arabia’s foreign reserve assets declined by about SAR 6.5 billion, or 0.3%, month-on-month (MoM) in April, reaching SAR 1.86 trillion, according to the Saudi Central Bank (SAMA).

Net foreign assets rose by 13% year-on-year (YoY), or SAR 208.4 billion.

Reserve assets include foreign currency reserves (investments in foreign securities, foreign cash and deposits abroad), reserve positions at the International Monetary Fund, Special Drawing Rights (SDRs), and monetary gold.

Foreign currency reserves, which account for around 95% of total assets, increased 13% YoY to SAR 1.76 trillion in April.

Reserves at the International Monetary Fund (IMF) climbed by 2% to SAR 12.97 billion during the same month.

SDRs, however, edged down 0.5% to SAR 79.8 billion.

Meanwhile, gold reserves stabilized at SAR 1.62 billion, maintaining the same level since February 2008.

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