The monthly report of the US Treasury Department showed that the UAE’s holdings of US Treasury bonds increased by 34.3%, equivalent to $15.7 billion during March 2023 on an annual basis, ranking second in the Arab world and 24th globally.
The UAE’s possession of bonds last March amounted to $61.5 billion, compared to $45.8 billion in the same month of the previous year.
Monthly, the UAE’s possession of US Treasury bonds declined by about 4.65%, noting that in February 2023 it amounted to about $64.5 billion.
According to Treasury data, the UAE’s possession was distributed between $42.116 billion in long-term bonds and $19.39 billion in short-term bonds.
The UAE ranked second in the Arab world in holding US Treasury bonds. Saudi Arabia topped the list with $116.2 billion in bonds, and Kuwait ranked third in the Arab world, with a value of $39.3 billion.
At the global level, Japan came in first place, acquiring US treasury bonds at a value of $1.088 trillion, followed by China with $869.3 billion, then the United Kingdom with about $714 billion.
2023-05-17 22:01:29
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