Saudi Arabia’s general reserves declined by SAR 1.1 billion to SAR 659 billion in June from May, according to Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank.
General reserves fell by SAR 246 billion during the first half of 2015.
The Saudi government puts aside its surplus revenue in a reserve account at SAMA, which can be tapped into only with a royal decree and under special circumstances related to its vital interests.
|
Saudi Arabia’s General Reserves |
||
|
Month-on-month Difference (SAR bln) |
Reserves (SAR bln) |
Month |
|
+1 |
852 |
Jan 2014 |
|
-- |
852 |
Feb |
|
-- |
852 |
March |
|
-- |
852 |
April |
|
-- |
852 |
May |
|
-- |
852 |
June |
|
-- |
852 |
July |
|
-- |
852 |
Aug |
|
(50) |
802 |
Sep |
|
+103 |
905 |
Oct |
|
-- |
905 |
Nov |
|
-- |
905 |
Dec |
|
(75) |
830 |
Jan 2015 |
|
(100) |
730 |
Feb |
|
-- |
730 |
March |
|
(10) |
720 |
April |
|
(60) |
660 |
May |
|
(1) |
659 |
June |
Meanwhile, the kingdom’s current account fell by SAR 600 million between May and June to SAR 69.8 billion.
|
Current Account |
||
|
Month-on-Month Difference (SAR bln) |
Current Account (SAR bln) |
Month |
|
(8.3) |
172.50 |
Jan 2014 |
|
16.8+ |
189.34 |
Feb |
|
(35.5) |
153.81 |
March |
|
+5.4 |
159.23 |
April |
|
(2.4) |
156.84 |
May |
|
(23.2) |
133.60 |
June |
|
(36.8) |
96.80 |
July |
|
28.6+ |
125.35 |
Aug |
|
50.2+ |
175.57 |
Sep |
|
(101.8) |
73.77 |
Oct |
|
(19.5 ) |
54.24 |
Nov |
|
(1.2) |
53.05 |
Dec |
|
+63.8 |
116.85 |
Jan 2015 |
|
(30.0) |
86.84 |
Feb |
|
(27.7) |
59.10 |
March |
|
+28.2 |
87.30 |
April |
|
(17.0) |
70.33 |
May |
|
(0.6) |
69.76 |
June |
" Argaam Reports "
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