Riyadh – Mubasher: Saudi Arabia’s foreign reserve assets grew by 2.2% or SAR 41 billion ($10.88 billion) during November, compared with the previous month.
Reserve assets surged to SAR 1.876 trillion ($500.15 billion) last month, compared with SAR 1.835 trillion ($489.33 billion) in October, according to the Saudi Arabian Monetary Authority (SAMA) Monthly Statistical Bulletin for November 2019.
The increase in reserves was supported by growth in foreign currency and deposits abroad by SAR 36.95 billion ($9.85 billion) to SAR 659.12 billion.
Investment in foreign securities also added up to SAR 1.175 billion, while Special Drawing Rights (SDR) increased to SAR 31.29 billion.
Meanwhile, the Saudi reserve position in the International Monetary Fund (IMF) decreased to SAR 8.43 billion ($2.25 billion).
On an annual basis, foreign reserves declined by 0.8%, compared with SAR 1.891 trillion ($504.37 billion) in November 2018.
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