Saudi holdings of US treasury bills slightly decline in September

Despite a slight decline from August figures, the holdings are on a downward trajectory since November 2020

  
Riyadh skyline night top view. Image used for illustrative purpose.

Riyadh skyline night top view. Image used for illustrative purpose.

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MOSCOW: Saudi Arabia’s holdings of US Treasury securities recorded slight change in September.

The total value of securities held by Saudi residents stood at $124.3 billion as of the end of September up 0.2 percent from $124.1 billion in August, according to the latest data from the US Department of Treasury.

Despite a slight decline from August figures, the holdings are on a downward trajectory since November 2020. In July 2021, the US Treasury securities stood at $128.1 billion.

The November 2020 figure of $137.6 billion had marked a 10 percent rise as compared to $125.3 billion recorded in April 2020, the lowest figure since March 2017.

The Saudi holdings of US Treasuries declined drastically at the height of the pandemic in March and April 2020 when they plunged by $25 billion and $34 billion, or 16 percent and 27 percent respectively.

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