Wednesday, December 2, 2020

Saudi Arabia -- Foreign Exchange Reserves -- Down Slightly Month-Over-Month -- October, 2020 -- CEIC Data -- December 2, 2020

Updates

December 5, 2020

Let's see: 1674841 * 0.27 = $452.207 billion.

Original Post

My preferred site is this one: Trading Economics.  October, 2020, data has not yet been posted.

However, CEIC apparently has the October, 2020, data for Saudi Arabia:

Saudi Arabia Foreign Exchange Reserves was measured at 434.7 USD bn in Oct 2020, compared with 435.7 USD bn in the previous month. 

Saudi Arabia Foreign Exchange Reserves: USD mn data is updated monthly, available from Jan 2001 to Oct 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 (pending). 

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. [I've done the same calculations, and, my numbers come very close - about 40 months -- previously posted.]

Its Money Supply M2 increased 10.0 % YoY in Oct 2020. Saudi Arabia Domestic Credit reached 279.4 USD bn in Feb 2018, representing an increased of 21.6 % YoY. The country's Non Performing Loans Ratio stood at 1.9 % in Mar 2020, compared with the ratio of 1.9 % in the previous quarter.

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