The data issued by the Saudi Central Bank "SAMA" showed that the bank's assets increased by 6.4 billion riyals at the end of July 2021, to 1848.9 billion riyals. While the value of SAMA's investments in securities abroad, which constitute 61 percent of the total assets, increased from 1.016 trillion riyals to 1.13 trillion riyals. The value of the assets of the Saudi Central Bank increased by 37.5 billion riyals, compared to July 2020.
The value of Saudi Central Bank deposits abroad amounted to more than 244.3 billion riyals, compared to 380.1 billion riyals in July of last year. The foreign exchange balance amounted to 271.18 billion riyals, while the gold balance remained stable at 1.624 billion riyals.
The data of the Saudi Central Bank showed that the monetary and banking indicators continued to record good performance during the year 2021, despite the fluctuations that the world is witnessing due to the pandemic conditions, and the emergence of several mutated strains of the Coronavirus (Covid-19). The money supply achieved an annual increase of 6.7 percent during the month of May to reach about 2,213.4 billion riyals. Bank deposits also grew by 7.5 percent to reach about 2,001.2 billion riyals. The bank credit granted to the private sector increased by 16.0% to reach about 1,840.8 billion riyals.
Source (Al-Arabiya.net website, Edited)
