Saudi foreign reserves drop by SAR 9.3 bln in January

01/03/2018 Argaam Special

Saudi Arabia’s foreign reserve assets dropped by SAR 9.3 billion to SAR 579.8 billion in January 2018, Saudi Arabian Monetary Authority (SAMA) data showed.

Foreign Reserve Assets

Month

Reserve (SAR bln)

Change (MoM)

 (SAR bln)

January 2017

641.78

+0.33

February

641.78

--

March

641.83

+0.05

April

636.89

(4.94)

May

636.89

--

June

627.36

(9.53)

July

617.39

(9.97)

August

617.39

--

September

612.68

(4.71)

October

612.68

--

November

610.15

(2.53)

December

589.19

(20.97)

January 2018

579.85

(9.34)

The Kingdom’s current account declined by SAR 16.3 billion in January to SAR 35.9 billion.

Current Account

Month

Current Account

(SAR bln)

Change (MoM)

 (SAR bln)

January 2017

57.31

(31.82)

February

42.53

(14.78)

March

38.49

(4.04)

April

44.53

+6.04

May

38.30

(6.23)

June

36.07

(2.23)

July

32.52

(3.55)

August

25.89

(6.63)

September

27.74

+1.85

October

42.78

+15.04

November

19.06

(23.72)

December

52.19

+33.13

January 2018

35.92

(16.27)


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