AI Summary
The Kingdom of Saudi Arabia's flag
Saudi Arabia's international reserve assets increased by SAR 46.1 billion, or 3%, month-on-month (MoM), to SAR 1.65 trillion in May, according to the Saudi Central Bank (SAMA).
International reserves recorded their first rise in six months.
On a yearly basis, the Kingdom’s reserve assets fell 2%, or SAR 35.6 billion.
Saudi Arabia’s reserve assets include 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 the development in Saudi Arabia’s foreign reserve assets since 2022:
|
Reserve Assets Abroad (SAR bln) |
|||
|
Month |
Value (SAR bln) |
MoM Change (SAR bln) |
Change (%) |
|
January 2022 |
1,675.5 |
(32.1) |
(2%) |
|
February |
1,655.7 |
(19.8) |
(1%) |
|
March |
1,692.6 |
36.9 |
2% |
|
April |
1,693.8 |
1.2 |
0.1% |
|
May |
1,693.8 |
0.04 |
0.003% |
|
June |
1,750.1 |
56.3 |
3 % |
|
July |
1,740.2 |
(9.9) |
(1%) |
|
August |
1,715.4 |
(24.8) |
(1%) |
|
September |
1,756.2 |
+ 40.8 |
2% |
|
October |
1,740.5 |
(15.7) |
(1%) |
|
November |
1,770.0 |
+ 29.5 |
2% |
|
December |
1,724.4 |
(45.6) |
(3%) |
|
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 |
1658.2 |
+46.1 |
3% |
Foreign currency reserves, representing 94% of total assets, fell nearly 2% year-on-year (YoY) in May to SAR 1.56 trillion. Special drawing rights (SDRs) grew 1% YoY, while International Monetary Fund (IMF) reserves rose by 2% YoY, as shown below:
|
Reserve Assets Abroad in Details (SAR bln) |
|||
|
Item |
May 2022 |
May 2023 |
Change |
|
Monetary Gold |
1.6 |
1.6 |
-- |
|
SDRs |
78.0 |
77.4 |
(1%) |
|
IMF Reserve Position |
14.5 |
14.8 |
2 % |
|
Foreign Currency Reserves |
1599.6 |
1564.4 |
(2%) |
|
Total |
1693.8 |
1658.2 |
(2%) |
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