Arab News, Wednesday, Dec 29, 2021 | Jumada Al-Uola 23, 1443
Saudi Central Bank’s assets go up by 2% in November to hit $504bn
Saudi Arabia:
Saudi Central Bank’s total assets went up by 2.2 percent in November from a
month ago to hit SR1.89 trillion ($504 billion), it said in its monthly report.
Deposits with banks abroad was the main driver of
this change as it rose by 19.9 percent to stand at SR324.1 billion by the end of
November.
Net foreign assets held by SAMA increased – month
on month – by 3.2 percent to hit SR1.68 trillion in November, the bank said.
Meanwhile, the central bank’s investments in
foreign securities were little changed, edging down by 0.1 percent to reach
SR1.14 trillion.
Reserve assets experienced the highest monthly
increase since March 2019 to be valued at SR1.74 trillion in November. This
reflected a 3.01 percent month-on-month growth rate.