Saudi general reserves inch higher to SAR 422.6 bln in September 2020

29/10/2020 Argaam Special


Saudi Arabia’s general reserves rose slightly by SAR 97 million month-on-month (MoM) to SAR 422.6 billion in September 2020, according to the Saudi Arabian Monetary Authority (SAMA).

 

Saudi General Reserves

Month

Reserves (SAR bln)

MoM variation (SAR bln)

September 2019

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)

April

469.62

+0.02

May

419.62

(50.00)

June

420.08

+0.46

July

422.49

+2.41

August

422.49

--

September

422.59

+0.10

 
Meanwhile, the Kingdom’s current account fell by SAR 26.7 billion MoM to SAR 71.8 billion in September.

 

Current Account

Month

(SAR bln)

MoM variation (SAR bln)

September 2019

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)

April

24.37

(15.20)

May

51.57

+27.20

June

70.10

+18.53

July

58.05

(12.05)

August

98.52

+40.47

September

71.83

(26.69)

 

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