The highest level of Saudi reserve assets abroad in 18 months .. 1.75 trillion riyals

The highest level of Saudi reserve assets abroad in 18 months .. 1.75 trillion riyals
The highest level of Saudi reserve assets abroad in 18 months .. 1.75 trillion riyals

Saudi reserve assets abroad amounted to about 1.746 trillion riyals at the end of last September, compared to 1.705 trillion riyals at the end of the previous August, up 2.4 percent, equivalent to 40.2 billion riyals.
According to the analysis of the reports unit in the newspaper “Al-Eqtisadiah”, which was based on the data of the Saudi Central Bank “SAMA”, the rise in reserve assets came mainly from the increase in the item “foreign exchange and deposits abroad” by about 35.7 billion riyals.
Reserve assets at the end of last month were the highest in 18 months.
Saudi reserve assets abroad also rose at the end of September on an annual basis by 4 percent, equivalent to 67.1 billion riyals, after it was 1.69 trillion riyals at the end of the same month of 2020.
The total reserve assets of the Saudi Central Bank “SAMA” include: gold, special drawing rights, reserves with the International Monetary Fund, foreign exchange and deposits abroad, in addition to investments in securities abroad.
In the details of the items of Saudi reserve assets abroad, investments in securities abroad rose on a monthly basis by 0.5% (5.3 billion riyals), to reach 1.137 trillion riyals at the end of last month, compared to 1.131 trillion riyals at the end of the previous month, accounting for 68.3 percent. of foreign reserve assets.
The total Saudi foreign exchange and deposits abroad rose to 511.4 billion riyals last month, compared to 475.7 billion riyals at the end of the previous month, an increase of 7.5 percent, equivalent to about 35.7 billion riyals.
While the “reserves at the Monetary Fund” decreased to 14.446 billion riyals at the end of last month, compared to 14.447 billion riyals at the end of the previous month, a decrease of 0.01 percent, equivalent to one million riyals.
The “special drawing rights” also fell to 81.4 billion riyals at the end of last month, compared to about 82.3 billion riyals in the previous month, a decline of 1.1 percent, equivalent to 888 million riyals.
While the balance of “reserves” in Saudi Arabia of gold stabilized at 1.62 billion riyals, the same level that it has maintained since February 2008.
Saudi reserve assets abroad amounted to about 1.7 trillion riyals at the end of last year 2020, with a decline of 9.2 percent, equivalent to 172.2 billion riyals, after it was 1.87 trillion riyals at the end of 2019.
While it rose by 0.6 percent at the end of 2019 (11.05 billion riyals), to about 1.873 trillion riyals, compared to 1.862 trillion riyals at the end of 2018.
It rose during 2019 at the highest pace in five years, that is, since it rose by 24.9 billion riyals in 2014, as reserve assets amounted to 2.721 trillion riyals at the end of 2013, then 2.746 trillion riyals in 2014.
The Saudi Central Bank, “Sama”, confirmed, earlier, that the returns on the investments of Saudi reserves abroad, which are managed by the bank, are similar to their counterparts in global central banks.
Economic Reporting Unit

Source

highest level Saudi reserve assets months trillion riyals

 
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