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Riyadh – Saudi Arabia’s general reserves fell 7% in October, compared to the same month last year, reaching SAR 572.55 billion, from SAR 612.68 billion, the Saudi Arabian Monetary Authority’s (SAMA) monthly report showed.
On the other hand, the kingdom’s current account jumped 38.85%, to SAR 59.4 billion by the end of October, from SAR 42.78 billion in the corresponding month last year, the Saudi central bank's report added.
General reserves represent one of items of the governmental deposits and reserves.
Most of the Saudi expenses are from the current account, and the oil and non-oil revenues are deposited in it.
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