Riyadh – Mubasher: Saudi Arabia's foreign reserves inched up by 0.46% year-on-year in July.

The kingdom’s international reserves increased to SAR 1.88 trillion ($503.47 billion) by the end of July, up from SAR 1.87 trillion ($501.15 billion) in the same month a year earlier, the Saudi Arabian Monetary Authority’s (SAMA) monthly report revealed on Thursday.

On a monthly basis, foreign reserves of Saudi Arabia declined by 1.8% in July, compared to SAR 1.92 trillion ($512.87 billion) in June.