Saudi Reserve Assets Hiked up to SR1.7 Trln

 The reserve assets of the Kingdom of Saudi Arabia surged by 3%, during last August, the highest rate in 29 months, in percentage wise, specifically since March 2019, as it has risen by 3.1%, data from the Saudi Central Bank (SAMA) showed.

The value of the reserve assets, at the end of August amounted to SR1.70 trillion, the highest in 9 months, precisely since November 2020, in figures terms.

With regard to the components of the reserve assets, they are consisted of these four items as follows: Monetary gold, special drawing rights (SDRs), IMF reserve positions and foreign exchange reserves.

The SDRs recorded a significant growth in their value, during August 2021, as they rose by almost one and a half times or 163.7% to reach SR82.3 billion, its highest historical record.

On the other hand, both IMF reserve positions, and foreign exchange reserves declined by 0.2% and 0.1%, respectively, while monetary gold remained unchanged, in terms of value.

Reserve assets and their distribution by component (Amounts in (SRmln)