SAMA’s assets slide in October

Investments in foreign securities grew by 2.2%

  
Image used for illustrative purpose. A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia September 29, 2016.

Image used for illustrative purpose. A Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia September 29, 2016.

REUTERS/Faisal Al Nasser

Riyadh – Mubasher: The Saudi Arabian Monetary Authority’s (SAMA) assets decreased by 3.1% or SAR 56.67 billion on a yearly basis in October 2020 to reach SAR 1.82 trillion.

Month-on-month (MoM), the assets levelled down by 0.06% when compared to their level in September at SAR 1.822 trillion, as shown by official data.

The drop in assets during October was driven by lower deposits at banks abroad and foreign exchange reserve by SAR 24.4 billion and SAR 3.49 billion, respectively.

On the other hand, investments in foreign securities grew by 2.2% MoM to total SAR 1.09 trillion, whilst gold reserve stabilised at SAR 1.62 billion.

Source: Mubasher

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