21-month slump in deposits, reserves

<

p style=”text-align:justify;”>_money-riyals.jpg28/02/2015 (Arab News – KSA): The government’s reserves and deposits with the Saudi Arabian Monetary Agency (SAMA) dropped at the end of January to SR1.39 trillion, the lowest level in 21 months.

This was a 2 percent change on a monthly basis compared to December, and 8 percent change on an annual basis compared to January last year.

“The reserves and deposits of the government is part of the liabilities in SAMA’s financial statements, which amounts to SR2.79 trillion, equal to its assets,” Al-Eqtisadiah reported.

The assets include investments in security bonds, deposits with banks abroad, cash, foreign exchange, gold, and other assets. “The government reserves and deposits are divided into three categories, the general reserve of the government, allocations for government projects and government’s current account.”

..

http://www.arabnews.com/featured/news/711336

__________________________________________________________________________________

Rispondi

Inserisci i tuoi dati qui sotto o clicca su un'icona per effettuare l'accesso:

Logo di WordPress.com

Stai commentando usando il tuo account WordPress.com. Chiudi sessione /  Modifica )

Google photo

Stai commentando usando il tuo account Google. Chiudi sessione /  Modifica )

Foto Twitter

Stai commentando usando il tuo account Twitter. Chiudi sessione /  Modifica )

Foto di Facebook

Stai commentando usando il tuo account Facebook. Chiudi sessione /  Modifica )

Connessione a %s...