Saudi general reserves drop to SAR 469.6 bln in March 2020

29/04/2020 Argaam Special

 

Saudi Arabia’s general reserves declined by around SAR 1.2 billion month-on-month (MoM) to SAR 469.6 billion in March 2020, according to the Saudi Arabian Monetary Authority (SAMA).

 

Saudi General Reserves

Month

Reserves (SAR bln)

MoM variation (SAR bln)

January 2019

485.26

(4.27)

February

483.39

(1.88)

March

483.39

--

April

480.42

(2.97)

May

476.94

(3.48)

June

497.59

20.65

July

497.62

0.03

August

496.02

(1.60)

September

496.04

0.02

October

490.06

(5.99)

November

490.47

0.41

December

469.62

(20.85)

January 2020

470.81

1.19

February

470.81

--

March

469.60

(1.22)

 

The Kingdom’s current account fell by SAR 32.8 billion MoM to SAR 39.6 billion in March 2020.

 

Current Account

Month

(SAR bln)

MoM variation (SAR bln)

January 2019

55.78

(17.05)

February

48.31

(7.47)

March

99.84

51.53

April

118.79

18.95

May

134.72

15.92

June

99.93

(34.79)

July

64.32

(35.61)

August

89.60

25.28

September

70.68

(18.92)

October

47.59

(23.09)

November

57.85

10.26

December

59.62

1.77

January 2020

86.66

27.03

February

72.37

(14.29)

March

39.57

(32.80)

 

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