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Saudi Arabia's foreign reserve assets hit SAR 1.655 trn in February 2021

Saudi Arabia's foreign reserve assets hit SAR 1.655 trn in February 2021
The Saudi foreign reserve assets retreated by 1.96% MoM in February 2021

Riyadh – Mubasher: Saudi Arabia's foreign reserve assets declined by 11.26% to SAR 1.655 trillion ($441 billion) in February 2021 from SAR 1.865 trillion ($497 billion) in the same month of 2020, recording the lowest level in over 10 years.

On a monthly basis, the Saudi foreign reserve assets retreated by around 1.96% in February 2021, compared to SAR 1.688 trillion in January 2021, according to the monthly statistical bulletin of the Saudi Central Bank (SAMA).

It is noteworthy to mention that by the end of 2020, Saudi Arabia's foreign reserve assets decreased by 9.19% year-on-year (YoY) or SAR 172.2 billion.