Riyadh city
Saudi Arabia's international reserve assets rose by SAR 44 million month-on-month (MoM) to SAR 1.693 trillion in May, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s reserve assets grew 3% or SAR 54.5 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% |
May |
1693.8 |
0.04 |
0.003% |
SAMA attributed the rise in May’s reserve assets to an increase in SDRs by 147%, and the increase in the IMF reserves by 10%.
Foreign currency reserves, which represent about 94% of total assets, inched up 0.4% to SAR 1.599 trillion by the end of May.
Saudi Arabia's Reserve Assets Abroad in Details (SAR bln) |
|||
Item |
May 2021 |
May 2022 |
Change (%) |
Monetary Gold |
1.62 |
1.62 |
-- |
SDRs |
31.57 |
78.04 |
+147% |
IMF Reserve Position |
13.25 |
14.54 |
+10% |
Foreign Currency Reserves |
1592.91 |
1599.60 |
+0.4% |
Total |
1639.3 |
1693.80 |
+3% |
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