The foreign reserve assets of the Saudi Central Bank declined by 0.9 percent on a monthly basis, until last October, to 1,740.5 billion riyals ($464.1 billion), down by $4.2 billion.
The reserves amounted to 1,756.2 billion riyals ($468.3 billion) at the end of last September, the highest level since March 2020. Saudi Arabia lost $50 billion of its foreign reserves during March and April 2020, of which $40 billion Dollars transferred to the state's sovereign fund (the Public Investment Fund) to take advantage of opportunities in global markets with the repercussions of Corona.
The value of "foreign currency reserves", which represent about 95 percent of total assets, increased by about 3.6 percent during last October, to reach 1,650.23 billion riyals. The "Special Drawing Rights" decreased by 8.9 percent, and the value of "Reserves with the International Monetary Fund" by 1.8 percent.
Source (Al-Araby Al-Jadeed Newspaper, edited)
