Tuesday, June 27, 2017
The mysterious fall in Saudi foreign reserves | Saudi Arabia News
Net foreign assets at Saudi Arabia’s central bank, a measure of its ability to support its currency, look set to fall sharply this year as oil prices slump and Riyadh expands its sovereign wealth fund to invest abroad, according to a report by Reuters news agency. They shrank from a record high of $737bn in August 2014 to $529bn at the end of 2016 as the government liquidated some assets to
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