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FINANCIAL NEWS
Saudi Arabia holds USD 117bn of U.S debt
17 May 2016
(MENAFN) Saudi Arabia owns almost USD 116.8bn of U.S. debt, which makes the kingdom the 13th largest foreign holder of U.S. debt.
Moreover, Saudi Arabia’s holdings were taken together with that of other oil exporting nations, involving Venezuela and Iraq.
In addition, Saudi Arabia owns more U.S. debt than what was exposed, due to central bank listed owning USD 587bn of foreign reserves.
It is possible that KSA could be taking a page of China’s playbook, which owns U.S. debt through custodial accounts in Belgium that listed owning more than USD 154bn of U.S. debt.
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