AI Summary
The Kingdom of Saudi Arabia's flag
Saudi Arabia's international reserve assets slightly increased by 0.1%, or SAR 1.9 billion, month-on-month (MoM), to SAR 1.66 trillion in June, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s reserve assets fell 5%, or SAR 90 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.
|
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% |
|
June |
1660.1 |
+1.9 |
0.1% |
Foreign currency reserves, representing about 94% of total assets, fell nearly 6% year-on-year (YoY) in June to SAR 1.56 trillion. SDRs grew 2% YoY, while IMF reserves rose by 3% YoY, as shown below:
|
Reserve Assets Abroad in Details (SAR bln) |
|||
|
Item |
June 2022 |
June 2023 |
Change |
|
Monetary Gold |
1.6 |
1.6 |
-- |
|
SDRs |
76.8 |
78.3 |
2 % |
|
IMF Reserve Position |
14.5 |
14.9 |
3% |
|
Foreign Currency Reserves |
1657.1 |
1565.3 |
(6%) |
|
Total |
1750.1 |
1660.1 |
(5%) |
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