Riyadh Reduces its US Bonds’ Holdings, to Stand at $115bln

Saudi Arabia has reduced its holdings of US bonds and treasury bills, by the end of November 2021, to $115 billion, a decrease of $1.5 billion compared to the previous month, or a decline of 1.3%, and an annual decrease of $22.6 billion from November 2020, or a decrease of 16.4%, since, the monthly report of the US Treasury, revealed.

The decline in the Kingdom’s possession of US bonds and bills, as of last November, has taken place for the second consecutive month, in which it recorded a decline, after it decreased, in October by about $7.8 billion.

Saudi Arabia ranks 17th in the world, among the largest investors, in US bonds and treasury bills, and comes, at the forefront of the Arab countries, investing in US Treasury bonds, followed by the Emirates, in the 27th place with an overall  value of as much as $48 billion, and then Kuwait with $45 billion, in 29^th, over the world.

The Kingdom’s possession of US Treasury bonds and bills is divided between $98.2 billion long-term, or 85.4%, and about $16.8 billion, in short-term bonds and treasury bills, at a rate of 14.6%.

possession of various countries, in the world, of US bonds and Treasury bills has experienced an increase of $88.8 billion, during the month of November, rising to as much as $7.75 trillion, compared to about $7.66 trillion, in October 2021.

Japan leads the way in holding US bonds and bills, with $1.34 trillion, followed by China with $1.08 trillion, the United Kingdom with $621.6 billion, Luxembourg with $334.4 billion, Ireland with $331.3 billion, and Switzerland with $292.4 billion.

Saudi Arabia with a towering presence, as the leading Middle East and North Africa (MENA), ranking high as the 17^th, in this regard.