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Saudi general reserve at SAR 420.3bn by November-end

Saudi general reserve at SAR 420.3bn by November-end
The kingdom's general reserve decreased by 14.3% YoY in November.

Riyadh – Mubasher: Saudi Arabia’s general reserve decreased by 14.3% or SAR 70.12 billion year-on-year (YoY) in November 2020, whereas stabilised on a monthly basis.

The kingdom’s general reserve stood at SAR 420.347 billion by November-end, compared with SAR 490.47 billion in the corresponding month in 2019, according to the monthly report released by the Saudi Central Bank (SAMA).

The government’s current account declined by 5.6% yearly in November to reach SAR 54.6 billion, whereas rose by 3.75% monthly.