Saudi reserve assets abroad at SAR 1.66 trln in June

20/07/2023 Argaam Special

Saudi reserve assets abroad at SAR 1.66 trln in June

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Saudi Arabia's international reserve assets slightly increased by 0.1%, or SAR 1.9 billion, month-on-month (MoM), to SAR 1.66 trillion in June, according to the Saudi Central Bank (SAMA).

 

On a yearly basis, the Kingdom’s reserve assets fell 5%, or SAR 90 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.

 

 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%)

May

1658.2

+46.1

3%

June

1660.1

+1.9

0.1%

 
 

Foreign currency reserves, representing about 94% of total assets, fell nearly 6% year-on-year (YoY) in June to SAR 1.56 trillion. SDRs grew 2% YoY, while IMF reserves rose by 3% YoY, as shown below:

 

 Reserve Assets Abroad in Details (SAR bln)

Item

June 2022

June 2023

Change

Monetary Gold

1.6

1.6

--

SDRs

76.8

78.3

%

IMF Reserve Position

14.5

14.9

3%

Foreign Currency Reserves

1657.1

1565.3

(6%)

Total

1750.1

1660.1

(5%)

 

 

Details and Historical Data for Macro Economy

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