AI Summary
The Kingdom of Saudi Arabia's flag
Saudi Arabia's international reserve assets rose by SAR 29.5 billion, or 2%, month-on-month (MoM) to SAR 1.770 trillion in November, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s reserve assets grew 2%, or SAR 28.5 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.
The table below shows development in Saudi Arabia’s foreign reserve assets since 2021:
|
Saudi Arabia's Reserve Assets Abroad (SAR bln) |
|||
|
Month |
Value (SAR bln) |
MoM 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 |
(15.7) |
(1%) |
|
November |
1770.0 |
29.5+ |
2% |
Foreign currency reserves, representing 95% of total assets, grew by nearly 2% year-on-year (YoY) in November, to SAR 1.677.6 trillion, while SDRs and IMF reserves dropped YoY by 6% and 1%, respectively, as shown below:
|
Saudi Arabia's Reserve Assets Abroad in Details (SAR bln) |
|||
|
Item |
Nov. 2021 |
Nov. 2022 |
Change (%) |
|
Monetary Gold |
1.62 |
1.62 |
-- |
|
SDRs |
80.96 |
76.30 |
(5.8%) |
|
IMF Reserves |
14.65 |
14.53 |
(0.8%) |
|
Foreign Currency Deposits |
1644.28 |
1677.58 |
+2.0% |
|
Total |
1741.52 |
1770.03 |
+1.6% |
Be the first to comment
Comments Analysis: