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FinancialNews


  • 20-04-23

    Saudi Arabia's US Treasury Holdings, Foreign Reserve Assets in February 2023

    (MENAFN) According to a report by Argaam, Saudi Arabia's holdings of US Treasuries increased to USD111.7 billion in February 2023, up from USD111 billion in January. The country's holdings of US Treasuries included long-term bonds totaling USD99.9 billion, making up 89 percent of the total value. Meanwhile, short-term bonds accounted for USD11.8 billion, constituting 11 percent of the total pie. However, Saudi Arabia's US Treasuries holdings slipped by 4.47 percent from USD116.7 billion held in the same period last year, and the Kingdom fell to 17th place among the largest holders of US debt.

    Japan was the largest investor of US Treasury bonds in February, with USD1.08 trillion in holdings, while China held the second position with a total value of USD848.8 billion. The UK became the third-largest investor of US Treasury bonds, with USD643 billion in holdings. The main three holders saw a reduction in issued bonds in February 2023 compared to January, with Japan and China declining month-on-month. However, when compared to the same period last month, the UK's holding climbed.

    According to the Saudi Central Bank, also known as SAMA, Saudi Arabia's foreign reserve assets decreased by SR52.2 billion (USD13.92 billion) in March 2023, accumulating SR1.64 trillion, down from SR1.68 trillion in February. There was also an SR47.5 billion or a 2.89 percent decrease in March 2023 compared to March 2022. Saudi Arabia's foreign reserve assets are computed using its international securities investments, foreign currency and deposits, reserves with the International Monetary Fund, special drawing rights, and gold reserves.

    The value of foreign currency reserves decreased by about 3.45 percent during the last month, reaching SR1.549 trillion. The value of special drawing rights increased by 1.44 percent, and the value of the reserves with the IMF climbed slightly by 1.4 percent. These figures highlight the fluctuations in Saudi Arabia's foreign reserve assets, which are subject to various factors, including global economic conditions, geopolitical tensions, and domestic economic policies.

    MENAFN20042023000045014228ID1106052564

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