Saudi SAMA's assets drop 5% in September

Month-on-month Saudi Arabian Monetary Authority’s assets levelled down by 0.7%

  
Saudi currency, riyal, is seen at a local currency exchange in Manama, Bahrain October 16, 2018. Image used for illustrtor purpose only

Saudi currency, riyal, is seen at a local currency exchange in Manama, Bahrain October 16, 2018. Image used for illustrtor purpose only

REUTERS/ Hamad I Mohammed

Riyadh – Assets of the Saudi Arabian Monetary Authority (SAMA) slid by 5% yearly in September 2020 to stand at SAR 1.82 trillion.

Month-on-month (MoM), SAMA’s assets levelled down by 0.7% when compared to their level in August at SAR 1.84 trillion, as shown by official data.    

In the meantime, investments in foreign securities increased MoM to SAR 1.067 trillion during September, compared with SAR 1.034 trillion a month earlier.

Foreign exchange reserve dropped to SAR 265.89 billion last month, compared to SAR 272.57 billion in August, while remained unchanged on an annual basis.

Moreover, gold reserve stabilised at SAR 1.624 billion.

The authority’s deposits at banks abroad stood at SAR 335.78 billion in September, down from SAR 404.31 billion in September 2019 and SAR 383.9 billion in August.

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