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Saudi Arabia's international reserve assets retreated by SAR26.98 billion, or 2%, month-on-month (MoM) to SAR 1.619 trillion in February 2024, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s foreign reserve assets plunged 5%, or SAR 78.2 billion.
To view more details about reserve assets on Argaam Tools
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 development in Saudi Arabia’s foreign reserve assets since 2023:
|
Saudi Arabia's Foreign Reserve Assets |
|||
|
Period |
Value (SAR bln) |
Change MoM (SAR bln) |
Change (%) |
|
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% |
|
September |
1648.1 |
+46.7 |
3% |
|
October |
1597.4 |
(50.7) |
(3%) |
|
November |
1642.5 |
+45.1 |
3% |
|
December |
1638.4 |
(4.1) |
(0.2%) |
|
January 2024 |
1646.1 |
+7.7 |
0.5% |
|
February |
1619.2 |
(27.0) |
(2%) |
Total Reserve Assets (SAR bln)
Foreign currency reserves, representing about 94% of total assets, fell by nearly 5% year-on-year (YoY) in February to SAR 1.526 trillion.
Moreover, IMF reserves dropped 9% YoY, while special drawing rights (SDRs) were down by 1% YoY, as shown below:
|
Foreign Reserve Assets in Details (SAR bln) |
|||
|
Item |
February 2023 |
February 2024 |
Change (%) |
|
Monetary Gold |
1.6 |
1.6 |
-- |
|
SDRs |
77.3 |
77.9 |
(1%) |
|
IMF Reserve Position |
14.9 |
13.6 |
(9%) |
|
Foreign Currency Reserves |
1603.6 |
1526.0 |
(5%) |
|
Total |
1697.3 |
1619.2 |
(5%) |
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