Riyadh – Mubasher: The Saudi Arabian Monetary Authority’s (SAMA) assets jumped 4.4% or by SAR 82.48 billion ($21.99 billion) to SAR 1.955 trillion ($521.35 billion) in August from SAR 1.872 trillion ($499.35 billion) in the same period of 2017.
Month-on-month, the Saudi central bank’s assets increased 1.7% or by SAR 32.72 billion ($8.72 billion) from SAR 1.922 trillion ($512.62 billion) in July, data released on Thursday showed.
August’s sharp rise in assets came on the back of deposits held with banks abroad. These deposits jumped 37.8% or SAR 126.51 billion ($33.74 billion) to SAR 460.83 billion ($122.89 billion) in August from SAR 334.31 billion ($89.15 billion) in the same period a year ago, SAMA said.
On the other hand, SAMA’s investments in stocks abroad decreased by 4.8% or SAR 59.63 billion ($15.9 billion) to SAR 1.187 trillion ($316.66 billion) last month from SAR 1.247 trillion ($332.56 billion) in August 2017.
In July, SAMA’s assets had grown by 0.55% to SAR 1.922 trillion ($512.6 billion) from SAR 1.911 trillion ($509.8 billion) in July 2017.
https://english.mubasher.info/news/3335467/SAMA-s-assets-up-0-6-in-July
