Saudi reserve assets abroad grow to SAR 1.693 trln in April

06/06/2022 Argaam Special

The Kingdom of Saudi Arabia's flag


Saudi Arabia's international reserve assets rose by SAR 1.2 billion month-on-month (MoM) to SAR 1.693 trillion in April, according to the Saudi Central Bank (SAMA).

 

On a yearly basis, the Kingdom’s reserve assets grew 2% or SAR 41 billion.

 

Saudi Arabia’s reserve assets include five items, which are investments in foreign securities, foreign currency deposits, the International Monetary Fund (IMF) reserve position, special drawing rights (SDRs), and monetary gold.

 

Saudi Arabia's Reserve Assets Abroad (SAR bln)

Month

Value

(SAR bln)

Change

(SAR bln)

Change

(%)

January 2021

1688.0

--

--

February

1654.9

(33.10)

(2%)

March

1683.5

28.60

2%

April

1652.8

(30.70)

(2%)

May

1639.3

(13.50)

(1%)

June

1679.9

40.60

2%

July

1655.7

(24.20)

(1%)

August

1705.4

49.70

3%

September

1745.6

40.20

2%

October

1690.5

(55.10)

(3%)

November

1741.5

51.00

3%

December

1707.6

(33.90)

(2%)

January 2022

1675.5

(32.10)

(2%)

February

1655.7

(19.80)

(1%)

March

1692.6

36.90

2%

April

1693.8

1.20

0.1%

 
 

SAMA attributed the rise in April’s reserve assets to the hike in SDRs by 147%, and the increase in the IMF reserves and foreign currency reserves by 10% and 2%, respectively.

 

While investments in foreign securities, which represent about 65% of total assets, retreated 2% to SAR 1.098 trillion by the end of April.

 

Saudi Arabia's Reserve Assets Abroad in Details (SAR bln)

Item

April 2021

April 2022

Change

(%)

Monetary Gold

1.62

1.62

--

SDRs

31.42

77.74

+147%

IMF reserve position

13.17

14.49

+10%

Foreign Currency Deposits

489.36

501.56

+2%

Investments in Foreign Securities

1117.26

1098.35

(2%)

Total

1652.83

1693.76

+2%

 

 

Details and Historical Data for Macroeconomic

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