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Sovereign Wealth Funds Briefing - Categorized | Performance, Reserve Currencies

SAMA’s net foreign assets reach $562 billion in June

Posted on 01 August 2016

Net foreign assets at Saudi Arabian Monetary Agency (SAMA) fell by $11 billion from the previous month to $562 billion in June as the government drew down its reserves to cover a budget deficit caused by low oil prices, official data showed on Thursday.
Assets shrank 15.9 percent from a year earlier to their lowest level since early 2012. They reached a record high of $737 billion in August 2014 before starting to drop………………………………………..Full Article: Source


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