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Saudi Arabia's international reserve assets grew by 0.1%, or SAR 1.1 billion, month-on-month (MoM) to SAR 1.75 trillion in June 2024, hitting its highest level since November 2022, according to the Saudi Central Bank (SAMA).
To view more details about reserve assets on Argaam Tools
Saudi 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 Assets |
|||
|
Period |
Value (SAR bln) |
Monthly Change (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% |
|
April |
1667.5 |
(39.9) |
(2%) |
|
May |
1753.0 |
+ 85.5 |
5% |
|
June |
1754.1 |
+ 1.1 |
0.1% |
Foreign currency reserves, representing about 95% of total assets, rose by nearly 6% year-on-year (YoY) in June to SAR 1.66 trillion.
Moreover, IMF reserves dropped 11% YoY, while special drawing rights (SDRs) edged down 1% YoY, as shown below:
|
Foreign Reserve Assets in Details (SAR bln) |
|||
|
Item |
June 2023 |
June 2024 |
Change |
|
Monetary Gold |
1.6 |
1.6 |
-- |
|
SDRs |
78.3 |
77.2 |
(1%) |
|
IMF Reserve Position |
14.9 |
13.3 |
(11%) |
|
Foreign Currency Reserves |
1567.2 |
1661.9 |
+6% |
|
Total |
1662.0 |
1754.1 |
+6% |
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