Data issued by the Central Bank of Bahrain showed that the net foreign assets of the Central Bank of Bahrain decreased last July by 21.7 percent on an annual basis. While net foreign assets fell to 1.238 billion dinars ($3.3 billion) last July. The foreign assets of the Bahraini Central were recorded at 1.582 billion dinars (4.22 billion dollars) in July 2021.
According to the data, foreign assets fell on a monthly basis by 6.6%, compared to 1.326 million dinars ($3.54 billion) in June 2022. Foreign assets were distributed between 2.5 million dinars ($6.67 million) the book value of the gold reserve, in addition to 1.236 billion dinars ($3.3 billion) in foreign currency deposits.
Bahrain is considered the least productive in terms of oil resources among the countries of the Gulf Cooperation Council and produces about 200,000 barrels of crude oil per day, so it does not benefit much from the rise in international oil prices.
Source (Anadolu Agency, Edited)
