Saudi Central Bank's April Report Shows $10.66 Billion Decline in Net Foreign Assets

KSA, 31 May, 2024 : According to the central bank's monthly bulletin, the Saudi central bank's net foreign assets dropped by $10.66 billion in April compared to the previous month.

In April, net foreign assets decreased to 1.589 trillion riyals ($423.40 billion) from 1.628 trillion riyals ($434.08 billion) in March.

This decline follows a notable increase of $22.13 billion in Saudi net foreign assets recorded in March.

The exchange rate stands at $1 equaling 3.7506 riyals.

Source : www.zawya.com