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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Saudi Arabia’s foreign reserves cross $500bln

Posted on 29 August 2011

Saudi Arabia’s foreign reserves surpassed $500 billion for the first time in July, giving the biggest Arab economy scope to carry out its spending plans to promote growth and weather any potential drop in oil prices.
Total reserves assets increased to 1.90 trillion riyals from 1.86 trillion riyals in the previous month, according to data posted on the Saudi Arabian Monetary Agency’s website on Sunday……………………………………….Full Article: Source


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