Saudi government’s reserves decline 16% in October: SAMA

Meanwhile, the government's current account jumped by 44.2%

  
Saudi Arabian currency. Image used for illustrative purpose.

Saudi Arabian currency. Image used for illustrative purpose.

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Riyadh – Mubasher: The Saudi government's reserves decreased by around 15.6% year-on-year (YoY) to SAR 354.638 billion in October 2021, compared to SAR 420.347 billion.

On a monthly basis, the Saudi government's reserves went down by 0.3% in October 2021 from SAR 355.71 billion in September 2021, according to the monthly statistical bulletin published by the Saudi Central Bank (SAMA).

Meanwhile, the government's current account jumped by 44.2% to SAR 75.879 billion in October 2021 from SAR 52.620 billion in the year-ago period.

Source: Mubasher

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