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Today, Monday, the Gulf Statistics Center said the Gulf Cooperation Council’s total foreign reserve holdings at the end of 2020 were about $ 667 billion, down 5 , 8%, compared to $ 707.8 billion in 2019.
According to the center, the Cooperation Council for the Arab States of the Gulf ranked fifth in the world in terms of the volume of foreign exchange reserve assets after China, Japan, Switzerland and the European Union in 2020.
According to data from the Saudi Central Bank “SAMA”, Saudi Arabia’s reserve assets stood at around $ 453.6 billion by the end of 2020, or 68% of the reserve assets of GCC countries.
Reserve assets in foreign currencies of the Gulf States
According to the Gulf Statistics Center, China’s foreign exchange reserve holdings stood at $ 3.357 trillion at the end of 2020, followed by Japan with $ 1.391 trillion, Switzerland with $ 1.083 trillion, and more. of the European Union with $ 1.078 trillion.
Classification of the Cooperation Council according to the size of foreign reserve assets
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