Saudi Arabia’s foreign reserve assets jump to SAR 1.64 trln in September

17/10/2023 Argaam Special
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag


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+

%

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)

Source: Argaam tools

 

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%)

 
 

Details and Historical Data for Macro Economy

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