|29 October, 2019

Saudi foreign reserve down 1.3% in September: SAMA

Kingdom’s foreign reserves dropped by $6.62 billion in September

Image used for illustrative purpose. American dollar and Saudi Riyal on the wooden.

Image used for illustrative purpose. American dollar and Saudi Riyal on the wooden.

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Riyadh – Mubasher: Saudi Arabia's foreign reserves declined by 1.3% year-on-year in September, registering the lowest level since March 2019, the Saudi Arabian Monetary Authority (SAMA) recently disclosed.

The kingdom’s foreign reserves dropped by SAR 24.83 billion ($6.62 billion) in September to SAR 1.877 trillion ($500.59 billion) when compared to SAR 1.902 trillion ($507.21 billion) in the corresponding month in 2018.

Month-on-month, the reserves went down by 1.4% by the end of September, compared to SAR 1.905 trillion ($507.95 billion) in August 2019.

Source: Mubasher

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