• Saudi Arabia raises its US Treasury bonds to a record of $ 151 billion

    20/05/2018

    * Ikrami Abdullah from Riyadh

     

    Saudi Arabia was ranked 12th among the largest investors in US Treasuries by the end of February, with $ 150.9 billion.

    According to the analysis of the report's unit in Al-Eqtisadiya newspaper, based on US Treasury data, Saudi Arabia's February balance is the highest since the US Treasury Department began announcing details of its bondholders in March 2015.

    Saudi Arabia came after China, Japan, Ireland, Brazil, the Cayman Islands, the United Kingdom, Switzerland, Luxembourg, Hong Kong, Taiwan and India.

    Saudi Arabia raised its investment in US Treasury bills and bonds to 150.9 billion by the end of February 2018, compared to 143.6 billion riyals at the end of January, which is up 5.1 percent to $ 7.3 billion in a month.

    Saudi Arabia's stock of US Treasuries rose by an annualized 29.3 percent to $ 34.2 billion at the end of February, compared with its end of February 2017 of $ 116.7 billion.

    This is the Saudi investment in treasury bonds only; do not include other investments in securities, assets and cash in US dollars.

    The Saudi stock rose from US Treasury bonds to $ 100.1 billion by the end of November 2016. Then it rose to 102.8 billion dollars by the end of December 2016, 112.3 Billions by the end of January 2017, and 113.8 billion dollars in February.

    It rose to $ 124.5 billion in March, to $ 126.8 billion in April, to $ 134 billion in May and finally to $ 142.8 billion in June 2017.

    This was slightly before it fell to 142.5 billion riyals at the end of July 2017, to 137.9 billion dollars at the end of August and then to 136.7 billion dollars at the end of September 2017.

    It was rising to 145.2 billion dollars by the end of October 2017 and rising to 149 billion dollars by the end of November 2017.

    Then, in December 2017 and January 2018, it fell to $ 147.4 billion and $ 143.6 billion, respectively, before rebounding in February.

     

    * Economic Reports Unit​

© All Rights Reserved for Asharqia Chamber