Beth: The Ministry of Finance confirmed that the Kingdom of Saudi Arabia is using the available tools to provide support to deal with the effects of the (Covid-19) pandemic, including supporting liquidity from foreign exchange.

The ministry explained in a press statement that the Kingdom is one of the main countries that supported the foreign reserves of needy countries during the pandemic, noting that it recently provided a deposit of $3 billion to the Central Bank of Egypt, in addition to extending previous deposits of $2.3 billion. It also noted that besides this, a $3 billion deposit was made to the Central Bank of Pakistan, with $1.2 billion in trade financing to support Pakistan's balance of payments.

The ministry indicated that these external facilities, totaling $9.5 billion, are equivalent to about 70% of the special drawing rights recently allocated to the Kingdom from the International Monetary Fund.