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Saudi Arabian Fx Reserves Hit 14-month High | Cpi Financial | Cpi Financial News | Banking And Financial News,islamic Business And Finance, Commercial Banking

by cpifinancial.net posted 7months ago 233 views
International reserves increased by $19.3 billion to $506 billion between April and May 2018.: The Saudi Arabian Monetary Authority (SAMA) has published a breakdown of foreign exchange reserves which reveals that the  harp increase in April was due to current account surpluses, owing to a rise in oil receipts, as well as foreign borrowing. The foreign borrowing has increased as of late, with a $10 billion syndicated loan was secured last year, and another $16 billion was secured this March. International reserves increased by $19.3 billion to $506 billion between April and May 2018, according to SAMA.

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