Saudi Arabia increases holdings of US bonds for the fifth month



[ad_1]

By Ahmed Allam

Riyadh – Mubasher: Saudi Arabia increased its bond holdings for the fifth consecutive month in June 2019, up 9.3% year-on-year.

According to Treasury data, Saudi badets in US bonds reached $ 179.6 billion, against $ 164.3 billion in June 2018.

Saudi Arabia bought $ 600 million worth of US bonds in June.

On a monthly basis, the Kingdom's holdings of US bonds rose slightly by 0.33% in June 2019, compared with its value of $ 179 billion in May of the same year.

Saudi Arabia has increased holdings of US bonds by 4.3% since the beginning of the year, an increase of $ 7.4 billion;

It should be noted that the US Treasury discloses in its monthly data investments of the Gulf countries in bonds and US Treasury bonds only, and does not include other investments in the United States, that they be governmental or private.

Globally, Japan was at the top of the list of US bondholders in June 2019 with a value of $ 1,122 billion, followed by China with $ 1,212 billion and Saudi Arabia ranked eleventh and first in the Arab world.

appointments

Saudi Arabia shows the real increase in the number of pilgrims to 15 million people next season

Prince of Mecca commented on the variable prices of Hajj for different nationalities and countries

Know the value of your country's currency for a "big mac" sandwich

[ad_2]
Source link