The assets of the Saudi Arabian Monetary Agency (the Central Bank) increased by the end of last August to 1.836 trillion riyals (489.6 billion dollars), compared to 1.811 trillion riyals at the end of July, and thus the assets of the Saudi Monetary Agency increased by 25 billion riyals within one month.
The importance of stability and an increase in this value of assets, which form part of the Saudi reserves, are important, given that they come in light of the emerging Corona pandemic, and its global repercussions.
In addition, the total assets of the banking system increased at the end of last August to 3.998 trillion riyals, compared to 3.956 trillion riyals at the end of July, as the data revealed a decrease in the value of banks' liabilities from the government to 429 billion riyals, compared to 433 billion riyals in July.
In addition, the bank liabilities from the private sector increased during last August to 1.699 trillion riyals, compared to 1.487 trillion riyals in August of last year, and compared to 1.684 trillion riyals in the previous month.
Source (Al-Arabiya.net, Edited)
