Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
17-05-23
Saudi Arabia's Holdings of US Treasuries Rise to USD116.2 Billion in March
(MENAFN) According to the latest data released by the US Treasury Department, Saudi Arabia's holdings of US Treasuries increased by USD4.5 billion in March, reaching a total of USD116.2 billion. On an annual basis, the Kingdom's holdings of these bonds registered a growth rate of 1.2 percent, amounting to USD115.5 billion.
Among the total value of Saudi Arabia's holdings, long-term bonds accounted for USD103.2 billion, representing 89 percent, while short-term bonds made up the remaining 11 percent with a value of USD13 billion. It is important to note that Saudi Arabia's foreign reserve assets are determined by considering various factors, including international securities investments, foreign currency and deposits, reserves with the International Monetary Fund, special drawing rights, and gold reserves.
The data further reveals that Saudi Arabia maintained its position as the 17th largest holder of US debt in March. Japan retained its position as the largest non-US holder with a total of USD1.087 trillion, slightly higher than the previous month's figure of USD1.082 trillion. China, the second-largest non-US holder of Treasuries, also increased its holdings, reaching USD869.3 billion in March compared to USD848.8 billion in February.
In addition to the US Treasury data, the Saudi Central Bank, also known as SAMA, released information stating that the Kingdom's foreign reserve assets experienced a decline of SR52.2 billion (USD13.92 billion) in March 2023. The total foreign reserves stood at SR1.64 trillion, down from SR1.68 trillion in February.
Overall, these developments reflect Saudi Arabia's continued participation in the US Treasury market as a significant holder of US Treasuries, while also demonstrating fluctuations in the Kingdom's foreign reserve assets.
MENAFN17052023000045014228ID1106260958
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us