Monthly Decline in Net Foreign Assets of the Saudi Central Bank During July

Official data released by the Saudi Central Bank today, Thursday, showed a decline in net foreign assets by $13.3 billion during the month of July, compared to the levels of June.

According to the announced figures, net foreign assets reached 1.577 trillion riyals (equivalent to $420.3 billion) in July, compared to 1.627 trillion riyals in the previous month, reflecting a significant monthly decline in foreign reserves.

Despite this decline, the data recorded an annual growth of 5.6%, indicating a relative improvement in financial performance compared to the same period last year, amid shifts in foreign currency movements and financial policies.