Saudi reserve assets abroad rise marginally to SAR 1.693 trln in May

12/06/2022 Argaam Special

Riyadh city


Saudi Arabia's international reserve assets rose by SAR 44 million month-on-month (MoM) to SAR 1.693 trillion in May, according to the Saudi Central Bank (SAMA).

 

On a yearly basis, the Kingdom’s reserve assets grew 3% or SAR 54.5 billion.

 

Saudi Arabia’s reserve assets include five items, which are investments in foreign securities, foreign currency deposits, the International Monetary Fund (IMF) reserve position, special drawing rights (SDRs), and monetary gold.

 

Saudi Arabia's Reserve Assets Abroad (SAR bln)

Month

Value

(SAR bln)

Change

(SAR bln)

Change

(%)

January 2021

1688.0

--

--

February

1654.9

(33.10)

(2%)

March

1683.5

28.60

2%

April

1652.8

(30.70)

(2%)

May

1639.3

(13.50)

(1%)

June

1679.9

40.60

2%

July

1655.7

(24.20)

(1%)

August

1705.4

49.70

3%

September

1745.6

40.20

2%

October

1690.5

(55.10)

(3%)

November

1741.5

51.00

3%

December

1707.6

(33.90)

(2%)

January 2022

1675.5

(32.10)

(2%)

February

1655.7

(19.80)

(1%)

March

1692.6

36.90

2%

April

1693.8

1.20

0.1%

May

1693.8

0.04

0.003%

 
 

SAMA attributed the rise in May’s reserve assets to an increase in SDRs by 147%, and the increase in the IMF reserves by 10%.

 

Foreign currency reserves, which represent about 94% of total assets, inched up 0.4% to SAR 1.599 trillion by the end of May.

 

Saudi Arabia's Reserve Assets Abroad in Details (SAR bln)

Item

May 2021

May 2022

Change

(%)

Monetary Gold

1.62

1.62

--

SDRs

31.57

78.04

+147%

IMF Reserve Position

13.25

14.54

+10%

Foreign Currency Reserves

1592.91

1599.60

+0.4%

Total

1639.3

1693.80

+3%

 

 

Details and Historical Data for Macroeconomic

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