– What is the value of the decline in foreign assets in September?
1.326 billion dinars ($ 3.53 billion).
– How many foreign assets were registered in August?
It recorded 1.413 billion dinars ($ 3.77 billion).
On Sunday, the Central Bank of Bahrain’s net foreign assets fell 6.17% on a monthly basis, according to official data.
Net foreign assets fell to 1.326 billion dinars ($ 3.53 billion) last September, according to data released by the Central Bank of Bahrain.
Bahrain Central’s foreign assets stood at 1.413 billion dinars ($ 3.77 billion) in the previous August.
According to the data, foreign assets increased by 86.6% year-on-year in September 2020, compared to about 710.6 million dinars ($ 1.89 billion).
Foreign assets were distributed between 2.5 million dinars ($ 6.6 million) in book value of gold reserves, plus an additional 1.323 billion dinars ($ 3.53 billion) in foreign currency deposits.
Bahrain is considered the least productive country in terms of oil resources by the Gulf Cooperation Council, and produces about 200,000 barrels of crude a day.
The Bahraini economy was hit by an outbreak of the corona virus, which recorded a contraction of 5.81% in 2020, while a contraction of 2.11% continued in the first quarter of 2021 and then recovered to 5.7% in the second quarter of this year.
