Riyadh – Mubasher: The Saudi reserve assets abroad dropped 12.2% to reach SAR 1.878 trillion by the end of June 2017, compared to SAR 2.139 trillion in the year-ago period, said the Saudi Arabian Monetary Authority (SAMA) on Thursday.
Month-on-month, the kingdom’s reserve assets abroad rose slightly 0.34%, SAMA added.
Saudi reserve assets abroad include investments in securities abroad, foreign currencies and deposits abroad, the reserve status in the International Monetary Fund (IMF), and special drawing rights (SDR).
Saudi Arabian investment in securities abroad amounted to SAR 1.258 trillion by the end of June 2017, compared to SAR 1.378 trillion in the same period in the year earlier.
Year-on-year, the foreign currencies and deposits abroad fell to SAR 582.2 billion, from SAR 721.4 billion.
The reserves hold by the IMF reached SAR 7.363 billion, and the SDR amounted to SAR 28.6 billion.
