AI Summary
The Kingdom of Saudi Arabia's flag
The table below shows development in Saudi Arabia’s foreign reserve assets since 2023:
|
Saudi Arabia's Foreign Reserve Assets |
|||
|
Period |
Value (SAR bln) |
Change MoM (SAR bln) |
Change (%) |
|
January 2023 |
1,716.2 |
(8.2) |
(0.5%) |
|
February |
1,697.3 |
(18.9) |
(1%) |
|
March |
1,645.0 |
(52.3) |
(3%) |
|
April |
1,612.1 |
(32.9) |
(2%) |
|
May |
1,658.2 |
+46.1 |
3% |
|
June |
1,662.0 |
+3.8 |
0.2% |
|
July |
1,601.0 |
(61.0) |
(4%) |
|
August |
1,601.4 |
+0.4 |
0.02% |
|
September |
1,648.1 |
+46.7 |
3% |
|
October |
1,597.4 |
(50.7) |
(3%) |
|
November |
1,642.5 |
+45.1 |
3% |
|
December |
1,638.4 |
(4.1) |
(0.2%) |
|
January 2024 |
1,646.1 |
+7.7 |
0.5% |
|
February |
1,619.2 |
(27.0) |
(2%) |
|
March |
1,707.4 |
+88.2 |
5% |
|
April |
1,667.5 |
(39.9) |
(2%) |
|
May |
1,753.0 |
+85.5 |
5% |
|
June |
1,754.1 |
+1.1 |
0.1% |
|
July |
1,698.0 |
(56.1) |
(3%) |
Foreign currency reserves, representing about 95% of total assets, rose by nearly 7% year-on-year (YoY) in July to SAR 1.60 trillion.
Moreover, IMF reserves dropped 8% YoY, while SDRs were down by 0.4% YoY, as shown below:
|
Foreign Reserve Assets in Details (SAR bln) |
|||
|
Item |
July 2023 |
July 2024 |
Change (%) |
|
Monetary Gold |
1.62 |
1.62 |
-- |
|
SDRs |
78.37 |
78.03 |
(0.4%) |
|
IMF Reserve Position |
14.42 |
13.21 |
(8%) |
|
Foreign Currency Reserves |
1,506.58 |
1,605.14 |
+7% |
|
Total |
1,601.00 |
1,698.00 |
+6% |
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