|19 November, 2019

Saudi holdings of US T-bonds up 3% in September

Saudi assets of US bonds increased to $181.5bln by the end of last September

An employee counts Saudi Riyals bills at a money exchange office in central Cairo, Egypt, March 20, 2019.

An employee counts Saudi Riyals bills at a money exchange office in central Cairo, Egypt, March 20, 2019.

REUTERS/Mohamed Abd El Ghany

Riyadh –  Saudi Arabia raised its possessions of US treasury bonds during September by 3% or $5.4 billion, as shown by the US Department of the Treasury data.

Saudi assets of US bonds increased to $181.5 billion by the end of last September, compared with $176.1 billion for the same period in 2018.

Meanwhile, Saudi holdings of US treasury bills decreased by 1.25% or $2.3 billion, during the same month, despite an increase by 6.7% during the first nine months of the year to $172.2 billion.

This brought the total Saudi purchases of US debt instruments to $9.3 billion since the beginning of 2019.

The Kingdom ranks 12th worldwide on the list of US debt holders, led by Japan and China with $1.146 trillion and $1.102 trillion, respectively, followed by the UK with $346.2 billion.

Saudi Arabia led Arab countries in terms of US debt instrument assets, followed by Kuwait and the UAE with $44.1 billion and $37.3 billion, respectively.

US treasury bonds totalled $6.78 trillion by the end of September, increasing by 8.8% year-on-year (YoY).

Source: Mubasher

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