By Mohamed Abu Meleeh

Riyadh – Mubasher: Total assets of Saudi Arabian Monetary Agency (SAMA) fell in April to SAR 2.62 trillion, a decline of 6.08% year-on-year from SAR 2.79 trillion.

SAMA’s assets continued to retreat for the third month year-on-year and for the sixth month month-on-month, thus reaching its lowest level in twenty two months, as it reached SAR 2.61 trillion in July, 2013.

The decline in assets was attributed to the 3.91% drop in SAMA’s investments in overseas securities that represent 74.69% of its total assets.

SAMA’s deposits at overseas banks also went down by 26.97%.

Translated by Sayed Abdel Rahman