Saudi reserve assets abroad slip to SAR 1.740 trln in October

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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.

 

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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