FINANCIAL NEWS

Saudi SAMA’s foreign assets shrank at USD 6bn

01 Jun 2016

(MENAFN) Foreign assets at Saudi Arabian Monetary Agency (SAMA) declined by USD 6bn in April as it settled some financial holdings to cover a big state budget deficit.

However, net foreign assets fell by 1.1 percent from the previous month to USD 572bn, whereas assets dropped 15.7 percent from a year earlier since April 2012.

Moreover, the assets are basically denominated in US dollars, such as US Treasury bonds and deposits with banks abroad.

In addition, deposits with banks abroad dropped by 2.2 percent from the previous month to USD 129bn in April, while investment in foreign securities fell to USD 386bn.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more