Riyadh - Assets of the Saudi Arabian Monetary Authority (SAMA) went up by 1.3% or SAR 25 billion on a monthly basis during August 2020, registering SAR 1.83 trillion from SAR 1.81 trillion in July.

Year-on-year (YoY), the assets declined by 5.4% when compared to their level in August 2019 at SAR 1.94 trillion, official data showed.

The monthly rise in assets was backed by an increase in investments in foreign securities by SAR 18.2 billion to SAR 1.034 trillion last August.

Foreign exchange reserve plunged to SAR 272.57 billion by August-end, compared to SAR 274.64 billion in July. Gold reserve remained unchanged at SAR 1.624 billion.

The authority's deposits at banks abroad amounted to SAR 383.9 billion last month, a monthly surge of SAR 3.79 billion.

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