1.67 trillion riyals of Saudi reserves abroad

Economy, Nov 30.2020 at Macca 3:34

Reserve assets abroad at the Central Bank of Saudi Arabia at the end of October 2020 amounted to about 1.674 trillion riyals, compared to 1.678 trillion riyals at the end of September.

According to figures at the end of last October, these reserves are divided into about 1.642 trillion riyals of assets, which include investments in securities and cash deposits abroad, in addition to the value of 30.8 billion riyals of special drawing rights, in addition to 1.62 billion riyals of gold reserves.

In the details, the data of the Saudi Central Bank "SAMA" issued today, Sunday, and reviewed by "Al Arabiya.net" showed that investments in securities abroad increased from 1.053 trillion riyals at the end of last September to 1.077 trillion riyals at the end of October.

The total reserve assets of the Saudi Central Bank "SAMA" include: gold, special drawing rights, reserves with the International Monetary Fund, foreign exchange and deposits abroad, in addition to investments in securities abroad, which constitute the largest value of these reserves.

On the other hand, the total assets of the Central Bank of Saudi Arabia at the end of October 2020 amounted to about 1.821 trillion riyals, compared to 1.822 trillion riyals at the end of the previous September.

Total assets in the banking system of banks in Saudi Arabia amounted to about 3.983 trillion riyals at the end of October, compared with 3.980 at the end of September.

These huge banking assets are divided into several sections, the most prominent of which are two parts: the first is the value of 1.736 trillion riyals, the liabilities of banks on the private sector, and the second: the value of 1.745 trillion riyals, foreign assets, most of which belong to the Central Bank of Saudi Arabia.