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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 |
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%) |
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%) |
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