Saudi Arabia’s general reserves remained unchanged at SAR 636.9 billion in May 2017, when compared to the previous month, new data from the Saudi Arabian Monetary Authority (SAMA) showed.
In April, the Kingdom’s reserves hit their lowest level since January 2009, when they fell to SAR 333.4 billion.
|
Saudi General Reserves (2016-2017) |
||
|
Month |
Reserves (SAR bln) |
Variation (SAR bln) |
|
May 2016 |
891.11 |
-- |
|
June |
890.68 |
(0.43) |
|
July |
890.68 |
-- |
|
August |
890.68 |
-- |
|
September |
845.68 |
(45.00) |
|
October |
745.69 |
(100.00) |
|
November |
685.69 |
(60.00) |
|
December |
641.45 |
(44.24) |
|
January 2017 |
641.78 |
+0.33 |
|
February |
641.78 |
-- |
|
March |
641.83 |
+0.05 |
|
April |
636.89 |
(4.94) |
|
May |
636.89 |
-- |
Meanwhile, the Kingdom’s current account dropped by SAR 6.2 billion month-on-month in May to SAR 38.3 billion.
|
Current Account (2016-2017) |
||
|
Month |
(SAR bln) |
Variation (SAR bln) |
|
May 2016 |
78.94 |
+13.04 |
|
June |
66.95 |
(11.99) |
|
July |
70.43 |
+3.48 |
|
August |
53.05 |
(17.39) |
|
September |
82.57 |
+29.53 |
|
October |
45.87 |
(36.71) |
|
November |
44.34 |
(1.53) |
|
December |
89.13 |
+44.79 |
|
January 2017 |
57.31 |
(31.82) |
|
February |
42.53 |
(14.78) |
|
March |
38.49 |
(4.04) |
|
April |
44.53 |
+6.04 |
|
May |
38.30 |
(6.23) |
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