For 3rd month in a row… Saudi Arabia cut its holdings of US ‎bonds to $108.1 billion

The monthly report of US Treasury Department revealed that Saudi Arabia reduced its holdings of bonds and US Treasury bills at the end of last June to $108.1 billion, a decrease of $3.2 billion compared to the previous May, a decrease of 2.9%, and an annual decrease of $11.1 billion compared to June 2022, a decrease of 9.3%. %.

The decline in the Kingdom’s possession of US bonds and treasury bills during last June is the third decline in a series of declines that began from last April, to decline during the three months by about $8.1 billion.

According to the published data, Saudi Arabia ranks 18th in the world among the largest investors in US bonds and treasury bills, and comes at the forefront of the Arab countries in investing in US treasury bonds, followed by the United Arab Emirates with a value of $65.2 billion in the 23rd place, then Kuwait in the rank. The 32nd, with a value of $40.6 billion, then Iraq is in the 37th place, with an investment value of $33 billion.

The Kingdom’s possession of US bonds and treasury bills is distributed between 99.83 billion long-term dollars, at a rate of 92.3%, and about 8.28 billion dollars in short-term bonds and treasury bills, at a rate of 7.7%.

The possession of various countries of the world of US bonds and treasury bills witnessed an increase of $ 41.7 billion during the month of June, rising to about $ 7.56 trillion, compared to about $ 7.52 trillion in May 2023.

Japan leads investors in US bonds and treasury bills with ($1.11 trillion), followed by China ($835.4 billion), then the United Kingdom ($672.3 billion), then Belgrade ($332.4 billion), then Luxembourg ($331.8 billion). , then Switzerland ($305.7 billion), followed by Ireland ($271 billion), then Canada ($271 billion), followed by the Cayman Islands ($264.1 billion), followed by Taiwan ($241.3 billion), then India ($235.4 billion), Then Brazil ($227.4 billion), France ($218.2 billion), Hong Kong ($198.4 billion), Singapore ($187.1 billion), followed by Norway ($126.4 billion), then South Korea ($115.1 billion). Then Saudi Arabia is in the 18th place.