Saudi central bank says currency reserves healthy, trade deficit to drop

DOHA (Reuters) - Saudi Arabia's central bank governor said on Saturday that the Kingdom's foreign currency reserves were healthy, representing 80 percent of GDP, and that the country's trade deficit could drop this year due to a decline in imports.

"The trade deficit is expected to drop this year and possibly to record as a surplus due mainly to the decline in imports and the rising value of exports," Ahmed al-Kholifey told state-run Ekhbariya TV.