On a monthly basis, until last August, the foreign reserve assets of the Saudi Central Bank amounted to about 1715.4 billion riyals (457.4 billion dollars), down by 6.6 billion dollars.
According to a report issued by the Saudi Central Bank, foreign reserves last June amounted to 1750.1 billion riyals ($466.7 billion), the highest since March 2020.
Saudi Arabia does not disclose the geographical distribution of its foreign reserve assets or even the nature of the assets. However, the US Treasury Department announces monthly the countries’ investments in their treasury bills and bonds, including Saudi Arabia, whose investments amounted to $121.6 billion at the end of last July.
Remittances from foreigners residing in Saudi Arabia abroad decreased by 2.8 percent in the first 8 months of 2022, to 100.1 billion riyals ($26.7 billion).
Total remittances amounted to 103 billion riyals ($27.5 billion) in the corresponding period of 2021. Remittances from foreigners rose by 2.8 percent during 2021, to 153.9 billion riyals ($41 billion).
Source (Anadolu Agency, Edited)
