Saudi holdings of US treasury bills fell to $124.1 billion

Saudi Arabia’s holding of US Treasury securities and bills decreased by the end of last August to $124.1 billion, according to new data from the US government.

The Saudi holdings in August were down by 3.1 percent or $4 billion compared to the previous month. The holdings declined by 4.5 percent, equivalent to $5.9 billion on an annual basis, compared to August 2020.

The decrease in Saudi Arabia’s holding of US treasury securities and bills last August comes after its rise for two consecutive months, June and July, by about $800 million, after its decline in May 2021 by about $3 billion.

The Kingdom is the 17th largest holders of US debt while the UAE ranks 23rd with $58.7 billion of debt. Kuwait also held $46.8 billion of US bills and bonds at the end of August, ranking 29th, the data showed.

Saudi Arabia’s holdings of long term treasury securities and bills experienced a decline in August, falling to $101.6 billion by 82%, similarly, short term US debt held by KSA went down to $22.5 billion.

World’s holding of US Treasury securities and bills increased by $12.8 billion during the month of August, rising to about $7.56 trillion, compared to about $7.54 trillion in July 2021.

Japan leads the investors in US treasury securities and bills with $1.32 trillion, followed by China with $1.05 trillion, the United Kingdom with $569.5 billion, Ireland with $326.1 billion, Switzerland with $294.7 billion, then Luxembourg ( $293.9 billion), followed by the Cayman Islands ($249.1 billion), Brazil ($249.0 billion), France ($238.6 billion), Taiwan ($237.2 billion), Belgium ($227.7 billion), Hong Kong (219.4 billion). It is followed by India ($217.0 billion), Singapore ($191.5 billion), Canada ($169.2 billion), South Korea ($129.0 billion), and Saudi Arabia in 17th rank.