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Saudi Arabia's international reserve assets rose month-on-month to SAR 1.60 trillion in August 2023, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s foreign reserve assets fell by 7% or SAR 114 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 Foreign Reserve Assets (SAR bln) |
|||
|
Month |
Value (SAR bln) |
Change MoM (SAR bln) |
Change (%) |
|
January 2022 |
1675.5 |
(32.1) |
)2%) |
|
February |
1655.7 |
(19.8) |
(1%) |
|
March |
1692.6 |
+36.9 |
2% |
|
April |
1693.8 |
+1.2 |
0.1% |
|
May |
1693.8 |
0.04+ |
0.003% |
|
June |
1750.1 |
56.3+ |
3 % |
|
July |
1740.2 |
(9.9) |
(1%) |
|
August |
1715.4 |
(24.8) |
(1%) |
|
September |
1756.2 |
40.8+ |
2% |
|
October |
1740.5 |
(15.7) |
(1%) |
|
November |
1770.0 |
29.5+ |
2% |
|
December |
1724.4 |
(45.6) |
(3%) |
|
January 2023 |
1716.2 |
(8.2) |
(0.5%) |
|
February |
1697.3 |
(18.9) |
(1%) |
|
March |
1645.0 |
(52.3) |
(3%) |
|
April |
1612.1 |
(32.9) |
(2%) |
|
May |
1658.2 |
46.1+ |
3% |
|
June |
1662.0 |
3.8+ |
0.2% |
|
July |
1601.0 |
(61.0) |
(4%) |
|
August |
1601.4 |
0.4+ |
0.02% |
Saudi Arabia's Foreign Reserve Assets (SAR bln)
Foreign currency reserves, representing 94% of total assets, fell by nearly 7% year-on-year (YoY) in August to SAR 1. 50 trillion.
Meanwhile, SDRs rose by 3% YoY, and IMF reserves increased by 1%, as shown below:
|
Foreign Reserve Assets in Details (SAR bln) |
|||
|
Item |
Aug 2022 |
Aug 2023 |
Change (%) |
|
Monetary Gold |
1.6 |
1.6 |
-- |
|
SDRs |
75.5 |
77.7 |
3% |
|
IMF Reserve Position |
14.2 |
14.3 |
1% |
|
Foreign Currency Reserves |
1624.1 |
1507.8 |
(7%) |
|
Total |
1715.4 |
1601.4 |
(7%) |
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