Arab Today, arab today sama’s net foreign assets reach sr2283 trillion
Last Updated : GMT 11:34:58
Arab Today, arab today
Arab Today, arab today

SAMA’s net foreign assets reach SR2.283 trillion

Arab Today, arab today

Arab Today, arab today SAMA’s net foreign assets reach SR2.283 trillion

Saudi Arabia economy
Jeddah - Arab Today

Net foreign assets at Saudi Arabian Monetary Agency (SAMA) declined 3.1 percent in December from the previous month to SR2.283 trillion ($609 billion), the central bank announced.
Assets dropped 15.9 percent from a year earlier to their lowest level since August 2012. They reached a record high of $737 billion in August 2014 before starting to shrink.
The central bank, which acts as Saudi Arabia’s sovereign wealth fund, has been drawing down its assets to cover a huge state budget deficit caused by a plunge in oil prices.
The bulk of foreign assets are believed to be denominated in US dollars. 
They are mainly securities such as US Treasury bonds and deposits with banks abroad; equities are believed to account for only a small fraction, perhaps less than 20 percent. Some of the assets are managed through major global fund firms.
The December data showed Saudi Arabia accelerating its sales of foreign securities; those holdings shrank 5.5 percent from the previous month to $401 billion in December.
Foreign bank deposits rose 2.8 percent to $147 billion, suggesting Saudi Arabia was setting aside more cash for future use in paying its bills.

Source :Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sama’s net foreign assets reach sr2283 trillion Arab Today, arab today sama’s net foreign assets reach sr2283 trillion

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sama’s net foreign assets reach sr2283 trillion Arab Today, arab today sama’s net foreign assets reach sr2283 trillion

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday