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Foreign assets of Gulf central banks rise post Covid

By TRENDS Desk
October 12, 2022 10:35 am
  • Here are the details of how GCC countries gained in past four years in terms of foreign assets held by each of the central banks of the region post-pandemic
  • Saudi Arabia’s foreign reserve assets recorded a jump of SR40.8 billion (US$10.88 billion) during the month of September 2022, reaching SR1756.2 billion

Dubai, UAE — Saudi Arabia’s foreign reserve assets recorded a jump of SR40.8 billion (US$10.88 billion) during the month of September 2022, reaching SR1756.2 billion, compared to August 2022, according to the Saudi Central Bank (SAMA).
The monthly statistical bulletin of SAMA showed that the Kingdom’s reserve assets increased by SR10.6 billion, or one percent, compared to September 2021.
In August, the Qatar Central Bank raised a few eyebrows when it announced that during July, the Bank had purchased about 14.8 tonnes of gold, thereby bringing the country’s official gold reserves to 72.3 tonnes.
Here are the details of how GCC countries gained in past four years in terms of foreign assets held by each of the central banks of the region post-pandemic.

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