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MoM Saudi general reserves fall 1.6 percent
(MENAFN) The Saudi Arabian Monetary Authority's (SAMA) data showed that Saudi Arabia's general reserves reached 9.6 percent year-on-year, or SAR 62 billion, during January 2018 to SAR 579.8 billion (USD155 billion.)
The kingdom's month-on-month general reserves fell 1.6 percent or SAR 9.3 billion to SAR 579.8 billion by the end of January 2018, compared to SAR 589.2 billion a month earlier, the data added.
Saudi's current account retreated 37% year-on-year to score SAR 35.9 billion (USD9.6 billion) in the first month of the year, compared to the same month in the year before.
On a monthly basis, Saudi government's current account slid 31.2% or SAR 52.2 billion.
Most of Saudi expenses, such as salaries, are taken from the current account, as well as the country's oil and non-oil revenues are put in it.
The kingdom's month-on-month general reserves fell 1.6 percent or SAR 9.3 billion to SAR 579.8 billion by the end of January 2018, compared to SAR 589.2 billion a month earlier, the data added.
Saudi's current account retreated 37% year-on-year to score SAR 35.9 billion (USD9.6 billion) in the first month of the year, compared to the same month in the year before.
On a monthly basis, Saudi government's current account slid 31.2% or SAR 52.2 billion.
Most of Saudi expenses, such as salaries, are taken from the current account, as well as the country's oil and non-oil revenues are put in it.
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