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SAMA assets record lowest level since August 2011

SAMA assets record lowest level since August 2011
(Photo archive)

Riyadh – Mubasher: The assets of the Saudi Arabian Monetary Agency (SAMA) decreased 12.2% year-on-year in March 2017.

SAMA’s assets reached SAR 1.971 trillion compared to SAR 2.245 trillion in March 2016, according to the authority's monthly bulletin.

The assets also fell 1.45% on a monthly basis compared to SAR 2 trillion in February 2017.

Investment in foreign securities levelled down 10.3% to SAR 1.3 trillion, while deposits with banks abroad retreated 28.7% to SAR 353.1 billion.

On the other hand, other miscellaneous assets hiked 53% to SAR 36.4 billion by the end of March.