Riyadh – Mubasher: Saudi Arabia has increased its investments in US treasury bonds by 4.3% monthly in August 2020, equivalent to $5.4 billion.
Saudi investments in US treasury bonds recorded $130 billion in August, the highest in five months, compared with SAR 124.6 billion in July, official data showed.
Yearly, the kingdom’s investments in US treasury bonds fell by 29.3% or $53.8 billion.
Globally, Saudi Arabia ranked 16th among holders of US treasury bonds, whilst Japan was in the lead with $1.278 trillion, followed by China with $1.068 trillion.
The Gulf state was the top Arab country investing in US treasury bonds, followed by Kuwait with $46.4 billion and the UAE with $36.6 billion.
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