Saudi general reserves hit lowest level since 2009 in April

29/05/2017 Argaam Special

Saudi Arabia’s general reserves fell by SAR 4.9 billion month-on-month to SAR 636.9 billion in April 2017, new data from the Saudi Arabian Monetary Authority (SAMA) showed.

 

Reserves for the month hit their lowest level since January 2009, when they fell to SAR 333.4 billion.

 

Saudi General Reserves (2016-2017)

Month

Reserves (SAR bln)

 Variation (SAR bln)

April 2016

891.11

(15.00)

May

891.11

--

June

890.68

(0.43)

July

890.68

--

August

890.68

--

September

845.68

(45.00)

October

745.69

(100.00)

November

685.69

(60.00)

December

641.45

(44.24)

January 2017

641.78

+0.33

February

641.78

--

March

641.83

+0.05

April

636.89

(4.94)

 

The Kingdom’s current account increased by SAR 6 billion in April to SAR 44.5 billion, when compared to the previous month. 

 

 

Current Account (2016-2017)

Month

(SAR bln)

 Variation (SAR bln)

April 2016

65.90

+17.66

May

78.94

+13.04

June

66.95

(11.99)

July

70.43

+3.48

August

53.05

(17.39)

September

82.57

+29.53

October

45.87

(36.71)

November

44.34

(1.53)

December

89.13

+44.79

January 2017

57.31

(31.82)

February

42.53

(14.78)

March

38.49

(4.04)

April

44.53

+6.04

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