29.02.2016 - Saudi c.bank net foreign assets fall 2.4 pct in January
Net foreign assets at Saudi Arabia's central bank dropped 2.4 percent from the previous month to 2.23 trillion riyals ($594.6 billion) in January, central bank data showed on Sunday. Assets fell 18.2 percent from a year earlier to their lowest level since late 2012. They reached a record high of $737 billion in August 2014 before starting to shrink. The central bank, which acts as Saudi Arabia's sovereign wealth fund, has been drawing down its assets to cover a huge state budget deficit caused by low oil prices...............................................Full Article: Source
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