Ashmore Group experts say that gold reserves of Saudi Arabia dropped by about $20 billion as a result of excess of oil. Assets of the country’s Central Bank dropped to the lowest point since 2000, Gazeta.ru reports.Saudi Arabia has one of the lowest ratios of governmental debt to the economic volume, 2.6%. If oil prices stay at $55-60 per barrel, the county may have to take loans, assumes ex-Assistant Minister for Finances John Skafianis.
Ashmore Group experts say that gold reserves of Saudi Arabia dropped by about $20 billion as a result of excess of oil. Assets of the country’s Central Bank dropped to the lowest point since 2000, Gazeta.ru reports.
Saudi Arabia has one of the lowest ratios of governmental debt to the economic volume, 2.6%. If oil prices stay at $55-60 per barrel, the county may have to take loans, assumes ex-Assistant Minister for Finances John Skafianis.
