Saudi reserve assets abroad at SAR 1.61 trln in April

11/05/2023 Argaam Special
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag


Saudi Arabia's international reserve assets dropped by SAR 32.9 billion, or 2%, month-on-month (MoM), to SAR 1.61 trillion in April, according to the Saudi Central Bank (SAMA).

 

International reserves maintained their downtrend for the fifth straight month to hit their lowest level since September 2010, when they reached SAR 1.59 trillion.

 

On a yearly basis, the Kingdom’s reserve assets fell 5%, or SAR 81.7 billion.

 

Saudi Arabia’s reserve assets include 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 2022:

 

Saudi Arabia's Reserve Assets Abroad (SAR bln)

Month

Value

(SAR bln)

MoM Change

(SAR bln)

Change

(%)

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

%

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%)

January 2023

1,716.2

(8.2)

(0.5%)

February

1,697.3

(18.9)

(1%)

March

1,645.0

(52.3)

(3%)

April

1,612.1

(32.9)

(2%)

 
 
Foreign currency reserves, representing 94% of total assets, retreated by nearly 5% year-on-year (YoY) in April, to SAR 1.51 trillion. SDRs grew 1% YoY, while IMF reserves rose by 4%, as shown below:

 

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

Item

April 2022

April 2023

Change

Monetary Gold

1.62

1.62

--

SDRs

77.74

78.46

1%

IMF Reserve Position

14.49

15.10

4%

Foreign Currency Reserves

1,599.90

1,516.88

(5%)

Total

1,693.76

1,612.07

(5%)

 

 

Details and Historical Data for Macro Economy

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