UPDATE 2-Saudi FX reserves down sharply in April to back wealth fund investments
Saudi foreign reserves dropped
sharply in April for a second consecutive month as the kingdom
used tens of billions of dollars to back investments of its
sovereign fund abroad while its economy is hit hard by the new
coronavirus.
sharply in April for a second consecutive month as the kingdom
used tens of billions of dollars to back investments of its
sovereign fund abroad while its economy is hit hard by the new
coronavirus.
Posted by Reuters
