Sunday, June 4, 2023

Saudi Arabia's Foreign Exchange Reserves -- April, 2023

Locator: 44842SA. 

Link here.

The "y-axis" has been changed from last month's posting making things look better than they really are.

Today's one year view:

The five-year view is better and other time-spans also show how badly Saudi Arabia must be hurting.


Years ago, Saudi's budget was based on $100-oil. From there it went to $80-oil. Currently running about $75 but could be selling oil at greater discounts.

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