The Clap
The Saudi Central Bank (SAMA) revealed that its assets increased during the month of July to about SAR 2 trillion, an increase of 8.5%.
The Deets
The Saudi Central Bank’s assets increased by SAR 19.5 billion on a monthly basis from SAR 1,986.11 billion in June.
Total assets also increased by the end of July to SAR 4,528 billion, an increase from SAR 4,182 billion in the same period in 2021.
Assets
The Saudi Central Bank’s assets consist of foreign exchange, gold, and deposits with banks abroad as well as investments in securities abroad and other assets.
Why this Matters
Assets hit their highest level in six and a half years, since January 2017.
Saudi Central Bank’s assets up in July 🏦
