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Saudi gov’t reserve nears SAR 470bn in April

Saudi gov’t reserve nears SAR 470bn in April
The reserve decreased by 0.25% on a monthly basis

Riyadh – Mubasher: Saudi Arabia’s government reserve declined by 2.48% by the end of April to SAR 469.617 billion, compared with SAR 480.42 billion by the end of the same month a year ago.

On a monthly basis, the reserve decreased by 0.25%, down from SAR 470.8 billion by the end of February 2020, showed the monthly bulletin of the Saudi Arabian Monetary Authority (SAMA) on Monday.

The government’s current account reached SAR 24.36, compared with SAR 118.8 billion for the corresponding period a year ago, declining by 79.5%.