Saudi general reserves down to SAR 490 bln in December 2018

29/01/2019 Argaam Special

 

Saudi Arabia’s foreign reserves declined by around SAR 71.9 billion month-on-month (MoM) at SAR 489.5 billion in December 2018, Saudi Arabian Monetary Authority (SAMA) data showed.

 

Accordingly, general reserves fell by around SAR 99.65 billion in 2018.

 

Saudi General Reserves

Month

Reserves (SAR bln)

M-o-M variation (SAR bln)

January 2018

579.85

(9.34)

February

579.85

--

March

571.46

(8.39)

April

571.46

--

May

572.61

+1.15

June

573.58

+0.97

July

573.67

+0.09

August

573.67

--

September

573.74

+0.07

October

572.55

(1.19)

November

561.40

(11.15)

December

489.54

(71.86)

 

The Kingdom’s current account increased by SAR 9.7 billion in December to around SAR 72.8 billion, when compared to the previous month.

 

Current Account

Month

(SAR bln)

M-o-M variation (SAR bln)

January 2018

38.48

(13.71)

February

28.41

(10.07)

March

33.90

+5.49

April

40.98

+7.08

May

52.97

+11.99

June

36.56

(16.41)

July

24.15

(12.41)

August

63.53

+39.38

September

86.07

+22.54

October

59.40

(26.67)

November

63.15

+3.75

December

72.83

+9.68

 

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