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Saudi Arabia's international reserve assets rose 3% month-on-month (MoM) to SAR 1.64 trillion in September, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s foreign reserve assets fell by 6%, or SAR 108 billion.
Saudi Arabia’s reserve assets include investments in foreign securities, foreign cash and deposits, reserve position in the International Monetary Fund (IMF), 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 Foreign Reserve Assets |
|||
Month |
Value (SAR bln) |
Change MoM (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 |
3.8+ |
0.2% |
July |
1,601.0 |
(61.0) |
(4%) |
August |
1,601.4 |
0.4+ |
0.02% |
September |
1,648.1 |
+46.7 |
3% |
Total Reserve Assets (SAR bln)
Foreign currency reserves, representing about 94% of total assets, fell by nearly 7% year-on-year (YoY) in September to SAR 1.55 trillion.
Meanwhile, SDRs rose by 4% YoY, and IMF reserves increased by 3% YoY, as shown below:
Foreign Reserve Assets in Details (SAR bln) |
|||
Item |
September 2022 |
September 2023 |
Change (%) |
Monetary Gold |
1.6 |
1.6 |
-- |
SDRs |
74.0 |
76.7 |
4% |
Reserve Position in the IMF |
13.9 |
14.3 |
3% |
Foreign Currency Reserves |
1,666.7 |
1,555.5 |
(7%) |
Total |
1,756.2 |
1,648.1 |
(6%) |
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