Saudi general reserves drop to SAR 480 bln in April

29/05/2019 Argaam Special

 

Saudi Arabia’s foreign reserves declined by around SAR 2.97 billion month-on-month (MoM) to SAR 480.4 billion in April 2019, according to the Saudi Arabian Monetary Authority (SAMA).

 

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

(71.68)

January 2019

485.26

(4.28)

February

483.39

(1.87)

March

483.39

--

April

480.42

(2.97)

 

The Kingdom’s current account rose by SAR 19 billion in April to around SAR 118.8 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

January 2019

55.78

(17.05)

February

48.31

(7.47)

March

99.85

+51.54

April

118.79

+18.95

 

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