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2017-05-29 13:30:00

SAUDIS ASSETS DOWN

SAUDIS ASSETS DOWN

REUTERS - The Saudi Arabian central bank's foreign assets fell in April as the government borrowed heavily abroad, according to official data that suggested Riyadh was bringing money into the country to refill state coffers depleted by low oil prices.

Net foreign assets at the central bank shrank by $8.5 billion from the previous month to $492.9 billion in April, reaching their lowest level since 2011, central bank figures showed on Sunday. They fell 13.9 percent from a year earlier.

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Tags: SAUDI, ARABIA, ASSET

Chronicle:

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