Saudi general reserves rise to SAR 422.5 bln in July 2020

31/08/2020 Argaam Special

Saudi Arabia’s general reserves rose by SAR 2.41 billion month-on-month (MoM) to SAR 422.5 billion in July 2020, according to the Saudi Arabian Monetary Authority (SAMA).

Saudi General Reserve

Month

Reserves (SAR bln)

M-o-M variation (SAR bln)

July 2019

497.62

+0.03

August

496.02

(1.60)

September

496.04

+0.02

October

490.06

(5.99)

November

490.47

+0.41

December

469.62

(20.85)

January 2020

470.81

+1.19

February

470.81

--

March

469.60

(1.22)

April

469.62

+0.02

May

419.62

(50.00)

June

420.08

+0.46

July

422.49

+2.41

The Kingdom’s current account shrank by SAR 12 billion MoM to SAR 58.1 billion in July.

Current Account

Month

(SAR bln)

M-o-M variation (SAR bln)

July 2019

64.32

(35.61)

August

89.60

+25.28

September

70.68

(18.92)

October

47.59

(23.09)

November

57.85

+10.26

December

59.62

+1.77

January 2020

86.66

+27.03

February

72.37

(14.29)

March

39.57

(32.80)

April

24.37

(15.20)

May

51.57

+27.20

June

70.10

+18.53

July

58.05

(12.05)

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