Saudi Arabia foreign reserves to rise for third straight month, central bank chief reveals | Arab News:
"The Kingdom’s foreign reserves are set to rise for the third straight month when the Saudi Arabian Monetary Authority (SAMA) issues its regular monthly update on Sunday. The impending increase in reserves for the month of December was revealed by Ahmed Al- Kholifey, governor of SAMA — the Kingdom’s central bank — on the sidelines of the World Economic Forum annual meeting in Davos. “Monthly reserves will be inching up again. It is a good thing, showing there is great momentum in Saudi Arabia’s economy,” he said at an event organized by the Bahrain Economic Development Board."
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