The Central Bank of Saudi Arabia revealed that the total reserve assets increased by 2.3 percent by the end of November 2020, to reach 1.71 trillion riyals, thus increasing by 38.7 billion riyals compared to the month of October 2020.
According to the data issued by the Saudi Central Bank, investments in securities abroad amounted to 1.09 trillion riyals, while the value of cash and financial deposits abroad within these reserves amounted to about 574.8 billion riyals. While the value of reserves at the International Monetary Fund increased from 12.2 billion riyals at the end of October to 12.3 billion riyals at the end of November.
Reserve assets at the Saudi Central Bank amounted to about 1.674 trillion riyals at the end of October 2020, compared to 1.678 trillion riyals at the end of September.
The total assets of the Saudi Central Bank at the end of November 2020 reached about 1.85 trillion riyals, an increase of 37.4 billion riyals compared to the previous month. While the total assets in the banking system of banks in Saudi Arabia at the end of November exceeded the 4 trillion-riyal barrier for the first time since 2015.
Source (Al-Arabiya.net, Edited)
