Saudi Arabia’s general reserves dropped by SAR 9.5 billion month-on-month to SAR 617.4 billion in July 2017, new data from the Saudi Arabian Monetary Authority (SAMA) showed.
The July reserves hit their lowest level in more than eight years, when they fell to SAR 333.4 billion.
Accordingly, reserve drawdowns stood at nearly SAR 24.06 billion for the period from January to July 2017.
|
Saudi General Reserves (2016-2017) |
||
|
Month |
Reserves (SAR bln) |
MoM variation (SAR bln) |
|
June 2016 |
890.68 |
(0.43) |
|
July |
890.68 |
-- |
|
August |
890.68 |
-- |
|
September |
845.68 |
(45) |
|
October |
745.69 |
(100) |
|
November |
685.69 |
(60) |
|
December |
641.45 |
(44.24) |
|
January 2017 |
641.78 |
+0.33 |
|
February |
641.78 |
-- |
|
March |
641.83 |
+0.05 |
|
April |
636.89 |
(4.94) |
|
May |
636.89 |
-- |
|
June |
626.89 |
(10) |
|
July |
617.39 |
(9.5) |
The Kingdom’s current account fell by SAR 4 billion in July to SAR 32.5 billion, when compared to the previous month.
|
Current Account (2016-2017) |
||
|
Month |
(SAR bln) |
M-o-M variation (SAR bln) |
|
June 2016 |
66.95 |
(11.99) |
|
July |
70.43 |
+3.48 |
|
August |
53.05 |
(17.39) |
|
September |
82.57 |
+29.53 |
|
October |
45.87 |
(36.71) |
|
November |
44.34 |
(1.53) |
|
December |
89.13 |
+44.79 |
|
January 2017 |
57.31 |
(31.82) |
|
February |
42.53 |
(14.78) |
|
March |
38.49 |
(4.04) |
|
April |
44.53 |
+6.04 |
|
May |
38.30 |
(6.23) |
|
June |
36.55 |
(1.75) |
|
July |
32.52 |
(4.03) |
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