AI Summary
Saudi Arabia’s government reserve dropped by SAR 21 billion month-on-month to SAR 589.19 billion in December 2017, new data from the Saudi Arabian Monetary Authority (SAMA) showed.
Accordingly, reserve drawdowns stood at nearly SAR 52.26 billion during 2017.
|
Government Reserve (2017) |
||
|
Month |
Reserves (SAR bln) |
M-o-M variation (SAR bln) |
|
January 2017 |
641.78 |
+0.33 |
|
February |
641.78 |
-- |
|
March |
641.83 |
+0.05 |
|
April |
636.89 |
(4.94) |
|
May |
636.89 |
-- |
|
June |
627.36 |
(9.53) |
|
July |
617.39 |
(9.97) |
|
August |
617.39 |
-- |
|
September |
612.68 |
(4.71) |
|
October |
612.68 |
-- |
|
November |
610.15 |
(2.53) |
|
December |
589.19 |
(20.97) |
The Kingdom’s current account rose by SAR 33.13 billion in December to around SAR 52.2 billion, compared to the previous month.
|
Current Account (2017) |
||
|
Month |
(SAR bln) |
MoM variation (SAR bln) |
|
January 2017 |
57.31 |
(31.82) |
|
February |
42.53 |
(14.78) |
|
March |
38.49 |
(4.04) |
|
April |
44.53 |
+6.04 |
|
May |
38.30 |
(6.23) |
|
June |
36.07 |
(2.23) |
|
July |
32.52 |
(3.55) |
|
August |
25.89 |
(6.63) |
|
September |
27.74 |
+1.85 |
|
October |
42.78 |
+15.04 |
|
November |
19.06 |
(23.72) |
|
December |
52.19 |
+33.13 |
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