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Saudi Arabia's international reserve assets declined in July by 4%, or SAR 61 billion, month-on-month (MoM), to SAR 1.60 trillion, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s reserve assets fell by 8%, or SAR 139.2 billion.
Saudi Arabia’s reserve assets include investments in foreign securities, foreign currency deposits, the International Monetary Fund’s (IMF) reserve position, special drawing rights (SDRs) and monetary gold.
The table below shows the development of 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%) |
|
May |
1,658.2 |
+46.1 |
3% |
|
June |
1,662.0 |
+1.9 |
0.1% |
|
July |
1,601.0 |
(61.0) |
(4%) |
Foreign currency reserves, representing about 94% of total assets, fell nearly 8.6% year-on-year (YoY) in July to SAR 1.50 trillion. SDRs grew by 2.8% YoY, while IMF reserves rose by 0.2% YoY, as shown below:
|
Saudi Arabia's Reserve Assets Abroad in Details (SAR bln) |
|||
|
Item |
July 2022 |
July 2023 |
Change |
|
Monetary Gold |
1.62 |
1.62 |
-- |
|
SDRs |
76.21 |
78.37 |
2.8% |
|
IMF Reserve Position |
14.40 |
14.42 |
0.2% |
|
Foreign Currency Reserves |
1647.97 |
1506.58 |
(8.6%) |
|
Total |
1740.20 |
1601.00 |
(8.0%) |
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