Riyadh – Mubasher: Saudi Arabia has the third largest dollar reserves in the world as the kingdom currently focuses on bonds denominated in local currency and dollars, the country’s finance minister Mohammed Al Jadaan told Al Arabiya.
The kingdom may also issue euro-denominated bonds in the upcoming period, the minister added.
In addition, Saudi Arabia plans to issue bonds worth SAR 120 billion in 2019, Al Jadaan revealed.
The kingdom’s international reserves fell by 0.5% to SAR 1.817 trillion in February from SAR 1.827 trillion in the same month a year earlier, according to a report released by the Saudi Arabian Monetary Authority (SAMA).
