Riyadh – Mubasher: Total assets of the Saudi Arabian Monetary Authority (SAMA) fell 6.1% in February 2018, compared to the year-ago period.
Overall assets decreased to SAR 1.877 trillion ($500 billion) in the second month of 2018 versus SAR 2 trillion ($533 billion) in the same month a year earlier, SAMA said in a report.
The Saudi central bank’s assets decrease was attributed to a 9.9% decline in overseas security investments which registered SAR 1.2 trillion.
Investments in foreign securities represent 64% of February total assets, the report showed.
The SAMA’s deposits at banks abroad, which make up 20.5% of total assets, rose 8% to SAR 384.92 billion in February 2018.
The SAMA’s total cash reserves edged up 0.2% to SAR 231.03 billion last month, from SAR 230.53 billion in the corresponding period in the previous year.
