Saudi foreign reserve assets fall to SAR 1.71T in June

The Kingdom of Saudi Arabia's flag

Saudi Arabia's foreign reserve assets fell by about SAR 4.8 billion, or 0.3%, month-on-month (MoM) to SAR 1.71 trillion in June, according to the Saudi Central Bank (SAMA).

Reserve assets include investments in foreign securities, foreign cash and deposits, reserve position in the International Monetary Fund (IMF), special drawing rights (SDRs), and monetary gold.

Foreign currency reserves, representing about 94% of total assets, declined by nearly 3% year-on-year (YoY) to SAR 1.62 trillion in June.

Moreover, IMF reserves went down by 0.4% YoY to SAR 13.3 billion last month.

Meanwhile, SDRs rose by 5% YoY to SAR 81.3 billion in June.

Gold reserves remained unchanged at SAR 1.62 billion, maintaining the same level since June 2008.

To view more details about reserve assets on Argaam MACRO