Saudi foreign exchange reserves rose 2.3% to 1.7 trillion riyals

Data released by Saudi Central Bank “SAMA” showed that total reserve assets increased by 2.3% in November 2020, reaching 1.71 trillion riyals.

And compared to last October’s balance, “SAMA” managed reserves increased by 38.7 billion riyals over a period of one month, according to an analysis by “Al-Arabiya.net” of data released today. yesterday, Monday, by the Central Bank.

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 greatest value of these reserves.

In detailed data as of the end of November, overseas securities investments amounted to 1.09 trillion riyals, while the value of overseas cash and financial deposits within these reserves amounted to to approximately 574.8 billion riyals.

The value of the reserves of the International Monetary Fund rose from 12.2 billion riyals at the end of last October to 12.3 billion riyals at the end of November.

The value of special drawing rights increased from 30.8 billion riyals at the end of October to 31.2 billion riyals at the end of November, while the value of the gold balance within these reserves remained stable at 1.6 billion riyals. .

The Saudi Central Bank’s reserve holdings stood at around 1.674 trillion riyals at the end of October 2020, compared to 1.678 trillion riyals at the end of September.

In contrast, the total assets of the Saudi Central Bank at the end of November 2020 stood at around 1.85 trillion riyals, up 37.4 billion riyals from the previous month.

Total banking system assets in Saudi Arabia at the end of November broke the 4 trillion riyal barrier for the first time since 2015.

These huge bank assets are divided into several sections, the most important of which is in three parts: the first is the value of 1.755 trillion riyals, the commitments of the banks on the private sector, and the second: the value of 1.77 trillion. of riyals, foreign assets, most of which belong to the Saudi Central Bank, and the third is that banks are demanded by the government at around 430 billion riyals.