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Saudi general reserves slide SAR 233bn YoY in September - SAMA

Saudi general reserves slide SAR 233bn YoY in September - SAMA
Saudi general reserves slide SAR 233bn YoY in September - SAMA

Riyadh – Mubasher: Saudi Arabian general reserves retreated 27.6% or SAR 233 billion year-on-year by the end of September 2017 to SAR 612.68 billion, from SAR 845.68 billion, Saudi Arabian Monetary Authority’s (SAMA) data revealed.

Month-on-month, the Kingdom’s general reserves levelled down 0.76% or SAR 4.7 billion by the end of September, to reach SAR 612.28 billion, compared to SAR 617.39 billion, the SAMA added.

General reserves consist of the surplus of budget's revenues, represent the government deposits and reserves, and includes the governmental current account.

In September, the Saudi government current account fell 4.4% to SAR 24.7 billion, from SAR 25.9 billion in August.