Saudi Arabia’s general reserves fell by SAR 100 billion month-on-month to SAR 474.1 billion in October, its lowest level since February 2015, new data from the Saudi Arabian Monetary Agency (SAMA) showed.
Overall, reserves dropped by SAR 179.8 billion in the first ten months of 2016.
|
Saudi General Reserves (2016) |
||||
|
Month |
Reserves (SAR bln) |
Variation (SAR bln) |
||
|
January |
654.48 |
0.6+ |
||
|
February |
654.48 |
-- |
||
|
March |
634.48 |
(20) |
||
|
April |
619.48 |
(15) |
||
|
May |
619.48 |
-- |
||
|
June |
619.06 |
(0.4) |
||
|
July |
619.06 |
-- |
||
|
August |
619.06 |
-- |
||
|
September |
574.06 |
(45) |
||
|
October |
474.06 |
(100) |
||
The kingdom’s current account fell by SAR 36.7 billion in the same period to SAR 45.9 billion, when compared to the previous month.
|
Current Account (2016) |
||
|
Month |
(SAR bln) |
Variation (SAR bln) |
|
January |
42.93 |
(28.1) |
|
February |
65.35 |
22.4+ |
|
March |
48.24 |
(17.1) |
|
April |
65.90 |
17.7+ |
|
May |
78.94 |
13.0+ |
|
June |
66.97 |
(12.0) |
|
July |
58.72 |
(8.3) |
|
August |
53.05 |
(5.7) |
|
September |
82.57 |
29.5+ |
|
October |
45.87 |
(36.7) |
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