Friday, August 25, 2017

Saudi Arabia’s foreign reserves resume falling in July | Saudi Arabia News

Saudi Arabia’s foreign reserves resumed falling in July, according to data published by the country’s central bank on Thursday. The figures suggested that the government may remain under pressure to draw reserves down to cover a budget deficit caused by low oil prices. Riyadh began liquidating the reserves in late 2014 and they dropped sharply from a record $737bn in August that year. In June

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