Saudi holdings of US Treasuries at over 3-year low, falls SAR 3.9 bln in August 2020

30/09/2020 Argaam Special


Saudi banks’ investments in treasury bonds dropped by SAR 3.9 billion to SAR 429.3 billion in August 2020 when compared to the month before, new data from the Saudi Arabian Monetary Authority (SAMA) showed.

 

This is the first time in around three and half years in which banks cut their investments in treasury bonds; since March 2017 when it decreased by nearly SAR 201.4 million.

 

SAMA’s foreign assets grew by SAR 25.1 billion in August to around SAR 1.836 trillion.

 

Saudi Banks Investment in Treasury Bonds (SAR bln)

Month

Value

Variation

January 2019

320.5

+15.3

February

331.4

+10.9

March

336.2

+4.8

April

343.4

 +7.1

May

349.5

+6.1

June

351.9

+2.4

July

358.5

 +6.7

August

365.3

+6.8

September

371.1

+5.8

October

379.1

+8.0

November

380.0

+0.9

December

383.7

+3.7

January 2020

386.7

+3.0

February

400.2

+13.5

March

408.1

+7.9

April

413.1

+5.0

May

420.1

+7.0

June

428.2

+8.1

July

433.3

+5.1

August

429.3

(3.9)

 

 

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