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Foreign reserves

Foreign reserves latest

Saudi Arabia: Foreign Reserves Can Cover $10.5 Billion of Imports Every Month
April 8th, 2020 - 06:00 GMT

Saudi Arabia: Foreign Reserves Can Cover $10.5 Billion of Imports Every Month

An economic report said the current indicators have stressed the cohesion of the Kingdom’s national economy, amid the unprecedented challenges afflicting the global economy as a result of the outbreak of COVID-19. The report revealed that the Kingdom’s financial reserves were sufficient to cover Saudi imports for 4 years (47 months). According to Jadwa Investment (licensed by the Capital Market Authority), the size of the current foreign reserves with the ...
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