Saudi Arabia’s foreign reserves fell SAR 4.3 billion month-on-month (MoM) to SAR 485.3 billion in January 2019, data from the Saudi Arabian Monetary Authority (SAMA) showed.
The Kingdom’s general reserves dropped by SAR 100 billion in 2018.
|
Saudi General Reserves |
||
|
Month |
Reserves (SAR bln) |
M-o-M variation (SAR bln) |
|
January 2018 |
579.85 |
(9.34) |
|
February |
579.85 |
-- |
|
March |
571.46 |
(8.39) |
|
April |
571.46 |
-- |
|
May |
572.61 |
+1.15 |
|
June |
573.58 |
+0.97 |
|
July |
573.67 |
+0.09 |
|
August |
573.67 |
-- |
|
September |
573.74 |
+0.07 |
|
October |
572.55 |
(1.19) |
|
November |
561.40 |
(11.15) |
|
December |
489.54 |
(71.68) |
|
January 2019 |
485.26 |
(4.28) |
The Saudi current account also saw a decrease of SAR 17.1 billion in January to around SAR 55.78 billion, when compared to the previous month.
|
Current Account |
||
|
Month |
(SAR bln) |
M-o-M variation (SAR bln) |
|
January 2018 |
38.48 |
(13.71) |
|
February |
28.41 |
(10.07) |
|
March |
33.90 |
+5.49 |
|
April |
40.98 |
+7.08 |
|
May |
52.97 |
+11.99 |
|
June |
36.56 |
(16.41) |
|
July |
24.15 |
(12.41) |
|
August |
63.53 |
+39.38 |
|
September |
86.07 |
+22.54 |
|
October |
59.40 |
(26.67) |
|
November |
63.15 |
+3.75 |
|
December |
72.83 |
+9.68 |
|
January 2019 |
55.78 |
(17.05) |
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