Data released by the Saudi Central Bank “SAMA” showed that total reserve assets increased by 2.3% in November 2020, to reach 1.71 trillion riyals.
And compared to the balance of last October, the managed reserves of “SAMA” increased by 38.7 billion riyals during a period of one month, according to an analysis conducted by “Al-Arabiya.net” of data released today, Monday, by the Central Bank.
The total reserve assets of the Saudi Central Bank “SAMA” include: gold, special drawing rights, reserves with the International Monetary Fund, foreign exchange and deposits abroad, in addition to investments in securities abroad, which constitute the largest value of these reserves.
In the details of the end of November data, investments in securities abroad amounted to 1.09 trillion riyals, while the value of cash and financial deposits abroad within these reserves amounted to about 574.8 billion riyals.
The value of reserves at the International Monetary Fund increased from 12.2 billion riyals at the end of last October to 12.3 billion riyals at the end of November.
The value of the Special Drawing Rights increased from 30.8 billion riyals at the end of October to 31.2 billion riyals at the end of November, while the value of the gold balance within these reserves remained stable at 1.6 billion riyals.
Reserve assets at the Saudi Central Bank amounted to about 1.674 trillion riyals at the end of October 2020, compared to 1.678 trillion riyals at the end of September.
On the other hand, the total assets of the Saudi Central Bank at the end of November 2020 amounted to about 1.85 trillion riyals, up 37.4 billion riyals from the previous month.
The total assets in the banking system of banks in Saudi Arabia at the end of November exceeded the 4 trillion riyal barrier for the first time since 2015.
These huge banking assets are divided into several sections, the most prominent of which are three parts: the first is the value of 1.755 trillion riyals, the liabilities of banks on the private sector, and the second: the value of 1.77 trillion riyals, foreign assets, most of which belong to the Saudi Central Bank, and the third is that banks are required by the government at about 430 billion riyals.
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