Reserve assets (foreign assets) of the Saudi Arabian Monetary Agency increased by SR47 billion to jump further to SR2.104 trillion in February, Al Rajhi Capital said in its March Economic Report released Saturday, as high oil prices and export led into high trade surplus. This is the highest absolute monthly jump since September 2011 when reserves had increased by SR63 billion during the month.
Remarkably, almost all increase (SR47 billion) in the reserves have been kept as liquid foreign deposits and currencies abroad.
The total investment in foreign securities remained at SR1436.3 billion in February almost similar to its level in January.
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