SAMA Reserve Assets, slightly, Fell by 3.23%

The Saudi Central Bank (SAMA) reserve assets’ value fell by 3.2%, to SR55.06 billion, following rising for two months, in a row (September and August 2021).

The value of reserve assets fell to its lowest point, in 18-month, in October, as it was around SR1.69 trillion, at the end of October, compared to SR1.74 trillion during the month.

Total reserve assets slump is attributable to a decline in one of its main leverages, foreign currency reserves, which fell by 3.4% to SR1.593 trillion at the end of October, down from SR1.648 trillion, at the end of September.

Other categories saw a 0.3% increase in the special drawing rights (IMF SDRs) of about SR268 million and a 0.3% increase in “reserves with the IMF” of about SR47 million. The value of the last reserve assets’ item, remained unchanged at SR1.62 billion.

In terms of annual performance, the numbers show a 0.9% growth in reserve assets to SR15.69 billion, up from SR1.67 trillion, at the end of October the previous year.

The following table shows the value of the reserve assets and their components (figures in mln Riyal):

Source: SAMA, Tadawul, Maaal follow up unit