AI Summary
The Kingdom of Saudi Arabia's flag
Saudi Arabia's international reserve assets rose by SAR 40.8 billion month-on-month (MoM) to SAR 1.756 trillion in September, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s reserve assets grew 1% or SAR 10.6 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% |
|
June |
1750.1 |
56.3 |
3% |
|
July |
1740.2 |
(9.9) |
(1%) |
|
August |
1715.4 |
(24.8) |
(1%) |
|
September |
1756.2 |
+40.8 |
2% |
SAMA attributed the rise in September’s reserve assets to the hike in "foreign currency deposits" by 1% to SAR 1.666 trillion by the end of September, as they represent about 95% of total assets.
On the other side, special drawing rights (SDRs) as well as IMF reserve position fell 9% and 3%, respectively, by the end of September.
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Saudi Arabia's Reserve Assets Abroad in Details (SAR bln) |
|||
|
Item |
September 2021 |
September 2022 |
Change (%) |
|
Monetary Gold |
1.62 |
1.62 |
-- |
|
SDRs |
81.43 |
73.98 |
(9%) |
|
IMF reserve position |
14.45 |
13.95 |
(3%) |
|
Foreign Currency Deposits |
1648.09 |
1666.70 |
+1% |
|
Total |
1745.59 |
1756.25 |
+1% |
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