AI Summary
The Kingdom of Saudi Arabia's flag
Saudi Arabia's international reserve assets declined by SAR 25 million month-on-month (MoM) to SAR 1.7152 trillion in August, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s reserve assets grew 1%, or SAR 10 billion.
Saudi Arabia’s reserve assets include five items, which are investments in foreign securities, foreign currency deposits, 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% |
|
June |
1750.1 |
56.30 |
3% |
|
July |
1740.2 |
(9.9) |
(1%) |
|
August |
1715.2 |
(25.0) |
(1%) |
SAMA attributed the rise in August’s reserve assets to an increase in foreign currency reserves, representing about 95% of total assets, by about 1% year-on-year (YoY) to SAR 1.6239 trillion.
SDRs declined by 8% by the end of August, while the IMF reserve position fell 2%.
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Saudi Arabia's Reserve Assets Abroad in Details (SAR bln) |
|||
|
Item |
August 2021 |
August 2022 |
Change (%) |
|
Monetary Gold |
1.62 |
1.62 |
-- |
|
SDRs |
82.32 |
75.45 |
(8%) |
|
IMF Reserve Position |
14.45 |
14.23 |
(2%) |
|
Foreign Currency Reserves |
1,607.05 |
1,623.85 |
+1% |
|
Total |
1,705.44 |
1,715.15 |
+1% |
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