Saudi Arabia’s FX Reserves Drop To Four-Year Low Amid Oil Price Collapse
Saudi Arabia's FX Reserves Drop To Four-Year Low
Saudi Arabia’s FX reserves dropped for the 13th consecutive month during February as below oil prices continue to weigh on the Kingdom’s finances. That’s according to a flash research note on the Kingdom’s financial position from HSBC.
Also see Oil Prices Could Be Headed To $100: Andy Hall
The country’s FX reserves stood at $593 billion in February, a month-on-month drop of $9.4 billion. While this decline was . . .
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