Riyadh – Mubasher: Saudi Arabia's foreign reserves registered a 4.6% year-on-year decline in March 2018.
The kingdom’s overseas reserves amounted to SAR 1.85 trillion in the third month of 2018, compared to SAR 1.907 trillion in the same month a year earlier, according to the Saudi Arabian Monetary Authority’s (SAMA) monthly bulletin.
Saudi reserves including investments in international securities, foreign cash and deposits, the reserves status in the International Monetary Fund (IMF), special drawing rights (SDRs), in addition to cash gold.
Investments in securities tumbled 7.5% to SAR 1.206 trillion in March 2018, versus SAR 1.303 trillion in the same month in the year before.
Investments in overseas securities made up 65% of total Saudi foreign assets.
Foreign cash and deposits reached SAR 605.6 billion in March 2018, up from SAR 567.08 billion during the same month in the previous year.
Month-on-month, Saudi overseas assets increased 1.3% from SAR 1.827 trillion in February 2018.
