Central Bank of Saudi Arabia hosts a regional meeting to discuss reserves management

This meeting is considered a platform for exchanging knowledge and experiences between experts and specialists in the field of financial policies. Discussions during the meeting are expected to include in-depth analyzes of the current status of reserve management and its future trends

The Saudi capital, Riyadh, will host a high-level meeting on Monday and Tuesday, April 29-30, 2024, aimed at exploring aspects of central bank reserve management and discussing the challenges and opportunities related to it.

This meeting is sponsored by: Central Bank of Saudi Arabia SAMA, in cooperation with the Bank for International Settlements (BIS), is in the presence of its Director General, Augustin Carstens, along with a group of experts and central bank directors from the Middle East and North Africa region and beyond, to discuss the challenges and opportunities related to reserve management.

The meeting revolves around investigating the important aspects of central bank reserve management, and constitutes a platform for exchanging knowledge and experiences. The discussions are expected to address the challenges facing the management of foreign exchange reserves and analyze their future trends.

It is expected that the specialized sessions and panel discussions will provide an opportunity for experts to present their views and exchange experiences with the aim of enhancing cooperation between central banks.

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The Governor of the Saudi Central Bank, Ayman Al-Sayyari, stressed that the ongoing developments in the global financial arena pose new challenges and investment opportunities for central bank reserve managers in the region. He pointed out that the meeting comes as a platform to explore these important aspects and exchange knowledge through a series of specialized sessions.

Among the topics that the meeting participants will discuss are the challenges and trends of managing foreign exchange reserves. It is expected that the panel discussions and interactive sessions presented by central bank experts will contribute to enhancing cooperation and exchanging visions among the participants.

This meeting reflects the rise in the level of international and regional cooperation regarding reserve management, and constitutes an occasion for the rich exchange of experiences and knowledge to enhance financial stability in the region and beyond.