Saudi holdings of US treasury bills slightly decline in September

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

The overall worth of the securities held by Saudi residents stood at $124.three billion as of the tip of September, up 0.2 p.c from $124.1 billion in August, based on the most recent information from the US Division of Treasury.

Regardless of a slight enhance 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 determine of $137.6 billion had marked a 10 per cent rise, in contrast with $125.three billion recorded in April 2020, the bottom determine since March 2017.

The Saudi holdings of US Treasuries declined drastically on the top of the pandemic in March and April 2020 after they plunged $25 billion and $34 billion on a month-on-month foundation, or 16 per cent and 27 per cent, respectively.

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