Saudi foreign reserve assets rise 3% to SAR 1.68T in November

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Saudi Arabia's foreign reserve assets increased by about SAR 55.9 billion, or 3%, month-on-month (MoM), to SAR 1.68 trillion in November, according to the Saudi Central Bank (SAMA).

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.

Foreign currency reserves, representing about 95% of total assets, rose by nearly 3% year-on-year (YoY) to SAR 1.59 trillion.

IMF reserves dropped 11% YoY to SAR 12.2 billion.

Meanwhile, SDRs dropped by 1% YoY to SAR 77.5 billion in November.

Gold reserves remained unchanged at SAR 1.62 billion, maintaining the same level since February 2008.

To view more details about reserve assets on Argaam MACRO