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Central Bank of Bahrain (CBB) reported a rise in its Net Foreign Assets during the month of August, with assets averaging 734.2 million dinars ($ 1.95 billion), compared to its lowest level recorded since a year and standing last July, at 499.4 million dinars.
Foreign Assets are under pressure as Bahrain faces a deficit in its budget and in its current account balance due to falling oil prices. Central Bank has not disclosed yet the reason behind the high reserves, but Bahrain's support from Saudi Arabia, United Arab Emirates and Kuwait is likely to account for the rise.
Indeed, Bahrain has issued $500 million worth of bonds in Special Offering at least twice this year. Some of these bonds have gone to Institutions from the Gulf countries.
CBB usually issues data on Foreign Reserves for each month separately but did not do so with July, which has been published at the same time as August figures without mentioning the reason behind that.

Source: (Al-Arabiya.net, Edited)