FINANCIAL NEWS

Saudi Arabian foreign reserves increase in June

29 Jul 2017

(MENAFN) The banks foreign reserves in Saudi Arabia had increased in June for the first time in over a year.

The Saudi Arabian central bank’s net foreign assets climbed to USD493.3 billion last month from USD491.7 billion in May.

However, on yearly basis, they shrank 12.3 percent, and they had hit a record high of USD737 billion in August 2014 before starting to fall with oil prices.

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MENAFN2907201700450000ID1095667754

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