Saudi reserves increase by 61 billion riyals in 6 months



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Saudi reserves rose to RS 1,923 billion at the end of the first half of this year, up 3.3 percent to SR 61.05 billion, compared to RS 1,862 billion at the end of 2018. .
According to the monitoring unit of the newspaper "Economic", based on data from the Saudi Monetary Agency "SAMA", Saudi reserve badets increased during the first half of 2019, thanks to the growth of the second largest item, "Foreign currency and deposits".
The post registered a jump of 75.44 billion riyals, up 12.1%, to reach 701.2 billion riyals at the end of June, against 625.76 billion riyals at the end of the year. 'last year.
Foreign exchange reserves and foreign deposits constitute the second largest reserve badet, accounting for approximately 36.5% of total reserve badets at the end of last month.
The reserves of the International Monetary Fund (IMF) increased by 30.2% to reach 8,062 billion RS, against 6,19 billion RS at the end of last year. At the end of last month, the International Monetary Fund reserve stood at 0.42% of Saudi reserves.
The Special Drawing Rights (SDR) item increased by 1.65 billion rupees, or 5.4 percent, to reach 31.98 billion at the end of June 2019, compared to 30.33 billion at the end of last year, 1.7% of the value of the reserve badets.
While the value of "gold in cash" at the end of last month rose to about 1.62 billion riyals, a problem of 0.08% of the value of reserve badets in Saudi Arabia Arabia.
In addition, one of the components or components of reserve badets recorded a fall in value, namely "investment in securities abroad", which decreased by 17.91 billion riyals by 1.5% to reach the end of June at about 1,180 billion dollars. Real, compared to 1.198 billion riyals at the end of 2018.
The value of "investments in securities abroad" represented approximately 61.4% of the total value of Saudi reserves at the end of June 2019.

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