Saudi Arabia raises its investments in US bonds for the fourth month … amounting to $ 137.6 billion

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Saudi Arabia’s investments in US Treasury bills and bonds rose for the third consecutive month to $ 137.6 billion (516 billion riyals) at the end of last November, compared to $ 134.2 billion (503.3 billion riyals) by the end of October 2020, up 2.5 percent, equivalent to about $ 3.4 billion, advanced The 14th in the world among the major investors in the US debt instrument instead of the 14th.
According to the analysis of the unit of reports in Al-Eqtisadiah newspaper, based on data from the US Treasury, Saudi Arabia’s investments in US Treasury bonds amounted to $ 105.6 billion in long-term bonds “representing 77 percent of the total,” while about $ 32 billion in short-term bonds. It constitutes 23 percent of the total.
On an annual basis, Saudi Arabia’s balance of US Treasury bonds and bills decreased by 23.4 percent ($ 42.1 billion) at the end of November 2020, compared to its balance at the end of the same month of 2019 of $ 179.7 billion.
Since the beginning of 2020, Saudi Arabia’s possession of US Treasury bonds and bills increased from $ 179.8 billion in December 2019 to $ 182.9 billion at the end of January 2020, and then to $ 184.4 billion at the end of February.
While it began to decline to 159.1 billion dollars at the end of March, 125.3 billion dollars at the end of April, and 123.5 billion dollars by the end of May, before returning to buying last June with the improvement of US economic indicators with the gradual opening of the country.
It sold back at the end of July, to reach its investments to 124.6 billion dollars, then rose to 130 billion dollars by the end of August, then to 131.2 billion dollars at the end of September, 134.2 billion dollars at the end of October, and then to 137.6 billion dollars by the end of November.
Saudi investments are in treasury bonds and bills only, and do not include other investments in securities, assets and cash in dollars in the United States.
Saudi Arabia’s balance of US Treasury bonds and bills increased during 2019 by about 4.8 percent, equivalent to $ 8.2 billion, compared to its balance at the end of 2018 of $ 171.6 billion.
During 2018, Saudi Arabia raised its balance of US Treasury bonds 16.4 percent, equivalent to $ 24.2 billion, compared to its balance at the end of 2017 of $ 147.4 billion.
Economic Reports Unit





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