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Saudi Arabia's international reserve assets rose by SAR 88.2 billion, or 5%, month-on-month (MoM) to SAR 1.70 trillion in March, according to the Saudi Central Bank (SAMA).
On a yearly basis, the Kingdom’s foreign reserve assets grew 4%, or SAR 62.4 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 |
(26.9) |
(2%) |
|
March |
1707.4 |
+88.2 |
5% |
Foreign currency reserves, representing about 95% of total assets, surged by nearly 4% year-on-year (YoY) in March to SAR 1.61 trillion.
On the other hand, IMF reserves dropped 10% YoY, with SDRs also down 1% YoY, as shown below:
|
Foreign Reserve Assets in Details (SAR bln) |
|||
|
Item |
March 2023 |
March 2024 |
Change (%) |
|
Monetary Gold |
1.6 |
1.6 |
-- |
|
SDRs |
78.4 |
77.6 |
(1%) |
|
IMF Reserve Position |
15.1 |
13.6 |
(10%) |
|
Foreign Currency Reserves |
1550.0 |
1614.6 |
+ 4% |
|
Total |
1645.0 |
1707.4 |
+ 4% |
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