Saudi foreign reserve assets fall 3% to SAR 1.63T in December

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Saudi Arabia's foreign reserve assets declined by SAR 49.1 billion, or 3%, month-on-month (MoM) to SAR 1.63 trillion in December 2024, according to the Saudi Central Bank (SAMA).

Reserve assets include investments in foreign securities, foreign cash and deposits, reserve position in the International Monetary Fund (IMF), special drawing rights (SDRs), and monetary gold.

Foreign currency reserves, representing about 94% of total assets, rose by nearly 0.3% year-on-year (YoY) in December to SAR 1.54 trillion.

Moreover, IMF reserves dropped 12% to SAR 12.2 billion for the same month.

Meanwhile, SDRs dropped by 2% to SAR 77 billion in December.

Gold reserves remained unchanged at SAR 1.62 billion; same level since February 2008.

To view more details about reserve assets on Argaam MACRO