Saudi foreign reserve assets fall to SAR 1.66T in April

The Kingdom of Saudi Arabia's flag

Saudi Arabia's international reserve assets declined by SAR 39.9 billion, or 2%, month-on-month (MoM) to SAR 1.66 trillion in April 2024, according to the Saudi Central Bank (SAMA).

 

On a yearly basis, the Kingdom’s foreign reserve assets jumped 3%, or SAR 55.4 billion.

 

To view more details about reserve assets on Argaam Tools

 

Saudi Arabia’s 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.

 

The table below shows the development in Saudi Arabia’s foreign reserve assets since 2023:

 

Saudi Arabia's Foreign Reserve Assets

Period

Value (SAR bln)

Change MoM (SAR bln)

Change (%)

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

1,658.2

 46.1+

3%

June

1,662.0

3.8+

0.2%

July

1,601.0

(61.0)

(4%)

August

1,601.4

 0.4+

0.02%

September

1,648.1

 46.7+

3%

October

1,597.4

(50.7)

(3%)

November

1,642.5

 45.1+

3%

December

1,638.4

(4.1)

(0.2%)

January 2024

1,646.1

 7.7+

0.5%

February

1,619.2

(26.9)

(2%)

March

1,707.4

 88.2+

5%

April

1,667.5

(39.9)

(2%)

 

Reserve Assets (Billion SAR)

 

Foreign currency reserves, representing about 94% of total assets, rose by nearly 4% year-on-year (YoY) in April to SAR 1.57 trillion.

 

Moreover, IMF reserves dropped 11% YoY, while special drawing rights (SDRs) fell by 2% YoY, as shown below:

 

Foreign Reserve Assets in Details (SAR bln)

Item

April 2023

April 2024

Change (%)

Monetary Gold

1.6

1.6

--

SDRs

78.5

77.3

(2%)

IMF Reserve Position

15.1

13.4

(11%)

Foreign Currency Reserves

1,516.9

1,575.2

+4%

Total

1,612.1

1,667.5

+3%

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