Saudi Arabia’s holdings of US Treasury securities recorded slight change in September.
The total value of securities held by Saudi residents stood at $124.3 billion as of the end of September up 0.2 percent from $124.1 billion in August, according to the latest data from the US Department of Treasury.
Despite a slight decline from August figures, the holdings are on a downward trajectory since November 2020. In July 2021, the US Treasury securities stood at $128.1 billion.
The November 2020 figure of $137.6 billion had marked a 10 percent rise as compared to $125.3 billion recorded in April 2020, the lowest figure since March 2017.—AN