Saudi Arabia's reserve assets abroad increased by 1.35% by the end of the fourth quarter of 2020.
According to Arabiya Net, those assets reached about 1.701 trillion riyals ($ 453.6 billion), compared to about 1.678 trillion riyals ($ 447.6 billion) in the third quarter. From 2020.
The monthly bulletin of the Saudi Central Bank SAMA showed a decline in foreign reserve assets by 9.2% in the fourth quarter of 2020, compared to 1.873 trillion riyals ($ 499.6 billion) in the quarter. Similar from 2019.
The increase in foreign reserves came on a quarterly basis thanks to an increase in securities investments abroad by 5.2% to reach 1.109 trillion riyals (295.73 billion dollars) by the end of the fourth quarter of 2020, compared to 1.054 trillion riyals (281.02 billion dollars) at the end of the third quarter of 2019. / p>
Securities investments account for the largest share of reserves, at 65.2%.
At the end of last December, Saudi Arabia's foreign reserve assets fell by 0.72% to 1.702 trillion riyals ($ 453.6 billion), compared to 1.714 trillion riyals ($ 456.96 billion) By the end of November 2020.
It includes total reserve assets, gold, special drawing rights, reserves with the International Monetary Fund, foreign exchange and deposits abroad, in addition to investments in securities abroad.
It is reported that the Saudi Finance Minister, Muhammad bin Abdullah Al-Jadaan, revealed in May 2020, a measure that was coordinated to enhance the investment capacity of the Public Investment Fund, by transferring 150 billion riyals , Or about $ 40 billion, from foreign reserves with the Saudi Arabian Monetary Agency to the Public Investment Fund, exceptionally, during the months of March and April of 2020, which was reflected in the data released on the institution’s reserve assets in these two months.
