#Saudi reserves up 2.4% in January – SAMA | ZAWYA MENA Edition

Saudi reserves up 2.4% in January – SAMA | ZAWYA MENA Edition:

The Saudi Arabian Monetary Authority (SAMA) reported an increase in assets by 2.54% during January 2020, compared with the same months of last year to SAR 1.91 trillion.

On a monthly basis, assets marginally increased compared to its level in December 2019 at SAR 1.9 trillion.

Meanwhile, Saudi Arabia’s foreign reserves grew by 2.4% last month by SAR 44.55 billion ($11.88 billion) to SAR 1.88 trillion, compared with SAR 1.84 trillion in the same period in the year before.

Reserves also increased by SAR 8.47 billion compared with its level in December at SAR 1.87 trillion.

Meanwhile, general reserves rose by 0.25% month-on-month (MoM) to SAR 470.8 billion, while the government’s current account surged by 45% MoM to SAR 86.66 billion