Saudi foreign reserve assets hit SAR 1.86T, at 6-yr high

Reserve assets include investments in foreign securities, foreign cash and deposits, IMF reserve positions, SDRs, and monetary gold.

Saudi Arabia's foreign reserve assets increased by about SAR 76.2 billion, or 4%, month-on-month (MoM) in March, reaching SAR 1.86 trillion, maintaining a six-year high.

Year-on-year (YoY), net foreign assets rose 9%, or SAR 158.8 billion, according to the Saudi Central Bank (SAMA).

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

Foreign reserves, which account for around 95% of total assets, rose about 10% YoY in March to SAR 1.76 trillion.

Reserves at the International Monetary Fund (IMF) increased 3% to SAR 12.8 billion.

Special Drawing Rights (SDRs) rose 0.3% to SAR 78.8 billion.

Meanwhile, gold reserves remained unchanged at SAR 1.62 billion, maintaining the same level since March 2008.