AI Summary
The Kingdom of Saudi Arabia's flag
Saudi Arabia's international reserve assets fell by SAR 15.75 billion month-on-month (MoM) to SAR 1.7405 trillion in October, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s reserve assets grew 3% or SAR 50 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% |
|
October |
1740.5 |
(15.8) |
(1%) |
SAMA attributed the rise in October’s reserve assets to the hike in "foreign currency deposits" by 3.6% to SAR 1.650 trillion by the end of October, as they represent about 95% of total assets.
On the other side, special drawing rights (SDRs) as well as IMF reserve position fell 8.9% and 1.8%, respectively, by the end of October.
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Saudi Arabia's Reserve Assets Abroad in Details (SAR bln) |
|||
|
Item |
October 2021 |
October 2022 |
Change (%) |
|
Monetary Gold |
1.62 |
1.62 |
-- |
|
SDRs |
81.70 |
74.40 |
(8.9%) |
|
IMF Reserve Position |
14.49 |
14.24 |
(1.8%) |
|
Foreign Currency Deposits |
1,592.72 |
1,650.23 |
+3.6% |
|
Total |
1,690.53 |
1,740.50 |
+3.0% |
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