Posted by Trading Economics, overnight, September 4 - 5, 2020.
Remember: July was a "good" month for Saudi Arabia. Early reports suggest that August, 2020, will be much worse.
Dollar conversion: multiply SAR in millions by 0.27 to get reserve equivalent in dollars. If your number is in the $450 billion range, you typed in the correct number of zeros.
Forecast: foreign exchange reserves in Saudi Arabia is expected to be 1660297 SAR million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
Looking forward, we estimate Foreign Exchange Reserves in Saudi Arabia to stand at 1519797 SAR million in 12 months time. In the long-term, the Saudi Arabia Foreign Exchange Reserves is projected to trend around 1519797 SAR million in 2021 and 1330106 SAR million in 2022, according to our econometric models.
History:
Foreign exchange reserves in Saudi Arabia averaged 2125232.14 SAR million from 2010 until 2020, reaching an all-time high of 2796941 SAR million in August of 2014 and a record low of 1569145 SAR million in April of 2010.
Date
Comment
SAR Million
US Dollars
April 2010
Record low
1569145
423,669,150
August 2014
All-time high
2796941
755,174,070
August 2019
Actual
1900000
513,000,000
June 2020
Actual
1677864
453,023,280
July 2020
Actual
1679963
453,590,010
September 2020
Forecast
1660297
448,280,190
June 2021
Forecast
1519797
410,345,190
June 2021
Forecast
1519797
410,345,190
June 2022
Forecast
1330106
359,128,620
Saudi Aramco Div
Annual
277778
75,000,060
Monthly
23148
6,250,005
Note:
- the all-time low was 1569145 SAR million in April, 2010
- Trading Economics is projecting that the reserves will drop to 1519797 SAR million one year from now
- further, Trading Economics is projected the reserves will drop to 1330106 SAR million two years from now
For confirmation of these dollar amounts, see this link.
Saudi Arabia's Foreign Exchange Reserves was measured at 435.8 USD bn in Jun 2020, compared with 437.8 USD bn in the previous month.
Saudi Arabia's Foreign Exchange Reserves: USD mn data is updated monthly, available from Jan 2001 to Jun 2020. The data reached an all-time high of 731.2 USD bn in Aug 2014 and a record low of 37.4 USD bn in Sep 2002.
CEIC calculates monthly Foreign Exchange Reserves as the sum of Foreign Currency Reserves and Deposits Abroad, and Investment in Foreign Securities and converts it into USD. Saudi Arabian Monetary Authority provides Foreign Exchange Reserves in local currency. Saudi Arabian Monetary Authority average market exchange rate is used for currency conversions. In the latest reports,
Saudi Arabia's Foreign Exchange Reserves equaled 38.3 Months of Import in Dec 2019.
Its Money Supply M2 increased 9.9 % YoY in Jun 2020. The country's Non Performing Loans Ratio stood at 2.0 % in Dec 2018, compared with the ratio of 1.6 % in the previous year.
Also, see this very, very long, dated June 1, 2020.
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