Riyadh – Mubasher: The Saudi government’s general reserves slid 28.5% year-on-year in April 2017 to SAR 639.9 billion ($170.60 billion), from SAR 891.1 billion ($237.57 billion), according to new data released by the Saudi Arabian Monetary Authority (SAMA).
In March, reserves were down 0.8% to reach SAR 641.83 billion.
SAMA stated in a previous report that it had reclassified the government's deposits and reserves item.
In February and prior to the reclassification, SAMA’s report noted that the country’s reserve remained stable at SAR 471.4 billion, for the second month in a row.
SAMA’s total liabilities stood at SAR 1.96 trillion by the end of April 2017, compared to SAR 2.2 trillion in the year-ago-period.
On a monthly basis, reserve assets reached SAR 1.876 trillion, compared to SAR 1.91 trillion.
