Saudi government reserves at central bank take hit to fuel Vision 2030 investments
RIYADH: Saudi Arabia’s reserves at the Kingdom’s national bank have fallen by 58 percent since 2016 as the government pushes ahead with funding its economic diversification plan, Vision 2030. In April 2016 government funds at the Saudi Central Bank were SR957 billion ($255 billion), but now stand at SR402 billion. Albara’a Al-Wazir, an economist at the US-Saudi Business
Source: arabnews.com