Today, Sunday, the Saudi Ministry of Finance announced that the Kingdom deposited $3 billion with the Central Bank of Egypt.
The ministry said in a statement that "the Kingdom has finally provided a deposit of $3 billion to the Central Bank of Egypt, in addition to extending previous deposits of $2.3 billion."
Data from the Central Bank of Egypt showed that Saudi Arabia had long-term deposits with the bank, which amounted, until the end of March, to $5.5 billion.
The Saudi statement apparently indicates that there has been little change in the total Saudi deposits since then, as reported by Reuters.
The Saudi statement said that the kingdom also deposited $3 billion in the Central Bank of Pakistan with $1.2 billion in trade financing to support Pakistan's balance of payments.
The statement added that the Kingdom "is one of the main countries that supported the foreign reserves of needy countries during the pandemic."
The Ministry of Finance confirmed that the Kingdom is using the available tools to provide support to deal with the effects of the "Covid-19" pandemic, including supporting liquidity from foreign exchange.
The ministry stated that these external facilities totaling $9.5 billion are equivalent to about 70% of the Special Drawing Rights that were recently allocated to the Kingdom from the International Monetary Fund.