Riyadh – Mubasher: Assets held by the Saudi Arabian Monetary Agency (SAMA) fell by 13.52% year-on-year in August to SAR 1.874 trillion ($499.84 billion) from SAR 2.167 trillion ($577.95 billion).
Month-on-month, SAMA’s assets declined 2.04% from SAR 1.913 billion ($510.27 billion), data released by Saudi Arabia’s top monetary agency showed Thursday.
Assets were down on the back of an 11.6% decline in SAMA’s investments in foreign securities to SAR 1.247 trillion.
SAMA’s foreign investments in securities represent 67% of its total assets.
Moreover, SAMA’s deposits with foreign banks, which represent 18% of its overall assets, retreated 25.37% to SAR 334.3 billion, the data showed.
SAMA’s various other assets fell 20% by the end of August 2017 to SAR 32.3 billion. The latter represent only 2% of the monetary agency’s total assets.
