2002 News Story

Saudi foreign reserves reflect sound economy

The Kingdom's foreign reserves, including special drawing rights, have crossed the U.S. $20 billion mark for the first time in ten years, according to figures announced by the Saudi Arabian Monetary Agency (SAMA) and the International Monetary Fund (IMF). On October 30, 2002, the reserves reached SR75.7 billion [$20.2 billion], indicating that the growth of the Saudi economy is very sound.