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Saudi Arabia's international reserve assets retreated by SAR 45.6 billion, or 3%, month-on-month (MoM) to SAR 1.72 trillion in December 2022, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s reserve assets grew 1%, or SAR 16.8 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.
The table below shows development in Saudi Arabia’s foreign reserve assets since 2021:
|
Saudi Arabia's Reserve Assets Abroad (SAR bln) |
|||
|
Month |
Value (SAR bln) |
MoM Change (SAR bln) |
Change (%) |
|
January 2021 |
1,688.0 |
-- |
-- |
|
February |
1,654.9 |
(33.1) |
(2%) |
|
March |
1,683.5 |
28.6 |
2% |
|
April |
1,652.8 |
(30.7) |
(2%) |
|
May |
1,639.3 |
(13.5) |
(1%) |
|
June |
1,679.9 |
40.6 |
2% |
|
July |
1,655.7 |
(24.2) |
(1%) |
|
August |
1,705.4 |
49.7 |
3% |
|
September |
1,745.6 |
40.2 |
2% |
|
October |
1,690.5 |
(55.1) |
(3%) |
|
November |
1,741.5 |
51.0 |
3% |
|
December |
1,707.6 |
(33.9) |
(2%) |
|
January 2022 |
1,675.5 |
(32.1) |
(2%) |
|
February |
1,655.7 |
(19.8) |
(1%) |
|
March |
1,692.6 |
36.9 |
2% |
|
April |
1,693.8 |
1.2 |
0.1% |
|
May |
1,693.8 |
0.04 |
0.003% |
|
June |
1,750.1 |
56.3 |
3 % |
|
July |
1,740.2 |
(9.9) |
(1%) |
|
August |
1,715.4 |
(24.8) |
(1%) |
|
September |
1,756.2 |
+ 40.8 |
2% |
|
October |
1,740.5 |
(15.7) |
(1%) |
|
November |
1,770.0 |
+ 29.5 |
2% |
|
December |
1,724.4 |
(45.6) |
(3%) |
Foreign currency reserves, representing 95% of total assets, grew by nearly 1% year-on-year (YoY) in December, to SAR 1.63 trillion. IMF reserves rose YoY by 1%, while SDRs fell 4%, as shown below:
|
Saudi Arabia's Reserve Assets Abroad in Details (SAR bln) |
|||
|
Item |
Dec. 2021 |
Dec. 2022 |
Change (%) |
|
Monetary Gold |
1.62 |
1.62 |
-- |
|
SDRs |
80.78 |
77.31 |
(4.3%) |
|
IMF Reserve Position |
14.62 |
14.71 |
+0.6% |
|
Foreign Currency Reserves |
1,610.61 |
1,630.80 |
+1.3% |
|
Total |
1,707.64 |
1,724.44 |
+1.0% |
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