The Kingdom's total official reserve assets increased by 3.79% by the end of March 2024 on an annual basis, with an increase of 62.34 billion riyals ($16.62 billion) over their value at the end of the same month last year.
The Kingdom's total official reserve assets (foreign currency reserves, monetary gold, and special drawing rights held in the International Monetary Fund) jumped to 1.707 trillion riyals ($455.3 billion), compared to 1.645 trillion riyals ($438.68 billion) by the end of March 2023, according to a statistic by Mubasher based on data from the Saudi Central Bank (SAMA).
On a monthly basis, the Kingdom’s official reserve assets jumped by 5.45%, equivalent to 88.24 billion riyals ($23.53 billion) during March, compared to their value in February, which amounted to 1.619 trillion riyals ($431.77 billion) at the end of it .
The value of the Kingdom's foreign currency reserves increased by 4.17% at the end of March 2024, amounting to 64.6 billion riyals ($17.23 billion), compared to their value at the end of the same month last year.
The value of the Kingdom's foreign currency reserves amounted to 1.614 trillion riyals ($430.55 billion) by the end of last March, compared to 1.549 trillion riyals ($413.32 billion) by the end of the same month in 2023.
The value of foreign exchange reserves amounted to 1.526 trillion riyals ($406.94 billion) at the end of February 2024, increasing last month by 5.8%, equivalent to 88.52 billion riyals ($23.6 billion).
The reserve position at the International Monetary Fund reached 13.57 billion riyals ($3.62 billion) by the end of March 2024, compared to 15.09 billion riyals ($4.02 billion) in the same month last year, down by 10.1% year-on-year.
The value of special drawing rights amounted to 77.65 billion riyals ($20.7 billion), compared to 78.38 billion riyals ($20.9 billion) in March 2023, a decrease of about 0.9%.
The value of monetary gold settled at 1.624 billion riyals ($433.07 million).
