Saudi foreign reserve assets grow to SAR 1.75 trln in June

26/07/2022 Argaam Special
Riyadh city

Riyadh city


Saudi Arabia's international reserve assets rose by SAR 56.3 million month-on-month (MoM) to SAR 1.750 trillion in June, according to the Saudi Central Bank (SAMA).

 

On a yearly basis, the Kingdom’s reserve assets grew 4% or SAR 70.2 billion.

 

Saudi Arabia’s reserve assets include five items, which are investments in foreign securities, foreign currency deposits, 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%

June

1750.1

56.30

3%

 
 

SAMA attributed the rise in June’s reserve assets to an increase in SDRs by 146%, and the increase in foreign currency reserves, which represent about 95% of total assets, by about 2% to SAR 1657.1 billion.

 

The IMF reserves grew up 0.3% by the end of June.

 

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

Item

June 2021

June 2022

Change

(%)

Monetary Gold

1.62

1.62

--

SDRs

31.22

76.83

+146%

IMF Reserve Position

14.47

14.51

+0.3%

Foreign Currency Reserves

1632.63

1657.14

+2%

Total

1679.94

1750.11

+4%

 

Details and Historical Data for Macroeconomic

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