Latest news with #foreignreserves
Arab News
3 days ago
- Business
- Arab News
Saudi Arabia's holdings in US Treasuries rise to $131bn in June
RIYADH: Saudi Arabia increased its holdings of US Treasury securities to $130.6 billion at the end of June, up $2.9 billion, or 2.3 percent, from May, according to official data. The Kingdom's holdings stood at $127.7 billion in May, compared with $133.8 billion in April and $131.6 billion in March, according to the US Treasury Department. The increase comes as Saudi Arabia, the world's largest oil exporter, manages its vast foreign reserves against a backdrop of shifting oil revenues, fluctuating global interest rates and ongoing diversification efforts under Vision 2030. Treasuries remain a key tool for Riyadh to park surplus funds in liquid, low-risk assets while balancing exposure to other currencies and asset classes. The report added that Saudi Arabia retained 17th place among the largest holders of such instruments in June. Compared with June 2024, Saudi Arabia's holdings in US Treasuries declined by 6.8 percent. The latest data also showed that the Kingdom is the only country in the Gulf Cooperation Council and the wider Middle East region to secure a place among the top 20 holders of US Treasury securities. Saudi Arabia's holdings were split between long-term bonds worth $103.5 billion, representing 79 percent of the total, and short-term bonds amounting to $27.1 billion, or 21 percent. Top holders Japan remained the largest investor in June with holdings totaling $1.14 trillion, up 0.9 percent from May. The UK ranked second at $858.1 billion, marking a 6 percent increase from the previous month. China followed with portfolios valued at $756.4 billion, little changed from $756.3 billion in May. The Cayman Islands and Canada ranked fourth and fifth with $442.7 billion and $438.5 billion, respectively. Belgium held sixth with $433.4 billion, followed by Luxembourg at $404.7 billion and France at $374.9 billion. Ireland was ninth with $317.4 billion, while Switzerland came 10th with $300.9 billion. Taiwan ranked 11th at $298.1 billion. Singapore held the 12th spot with $254.4 billion, followed by Hong Kong at $242.6 billion and India at $227.4 billion. Saudi Arabia's Treasury holdings are closely watched as they reflect the Kingdom's strategy of balancing reserve diversification with strong US financial ties. Treasuries are among the world's safest assets, and changes in Saudi positions often signal how major energy exporters deploy surplus revenues amid oil price swings and global interest rate shifts.
Argaam
08-07-2025
- Business
- Argaam
Saudi foreign reserve assets down to SAR 1.71T in June
Saudi Arabia's foreign reserve assets inched down by about SAR 4.8 billion, or 0.3%, month-on-month (MoM) to SAR 1.71 trillion in June, according to the Saudi Central Bank (SAMA). Reserve assets include investments in foreign securities, foreign cash and deposits, reserve position in the International Monetary Fund (IMF), special drawing rights (SDRs), and monetary gold. Foreign currency reserves, representing about 94% of total assets, declined by nearly 3% year-on-year (YoY) to SAR 1.62 trillion in June. Moreover, IMF reserves went down by 0.4% YoY to SAR 13.3 billion last month. Meanwhile, SDRs rose by 5% to SAR 81.3 billion in June. Gold reserves remained unchanged at SAR 1.62 billion, maintaining the same level since June 2008.
Yahoo
30-06-2025
- Business
- Yahoo
China rolls over $3.4 billion loans to Pakistan, say sources
KARACHI, Pakistan (Reuters) -China has rolled over $3.4 billion in loans to Pakistan, two senior Pakistani government officials told Reuters on Sunday, in a move that will help boost Islamabad's foreign exchange reserves, a requirement of the International Monetary Fund. Beijing rolled over $2.1 billion, which has been in Pakistan's central bank's reserves for the last three years, and refinanced another $1.3 billion commercial loan, which Islamabad had paid back two months ago, the sources said. The officials asked not to be named as they were not authorised to discuss the matter publicly ahead of an official announcement. Another $1 billion from Middle Eastern commercial banks and $500 million from multilateral financing have also been received, one of the officials said. "This brings our reserves in line with the IMF target," he said. The loans, especially those from China, are critical to shoring up Pakistan's low foreign reserves, which the IMF required to be over $14 billion at the end of the current fiscal year on June 30. Pakistani authorities say that the country's economy has stabilised through ongoing reforms under a $7 billion IMF bailout.
Arab News
29-06-2025
- Business
- Arab News
China rolls over $3.4 billion of commercial loans to Pakistan
KARACHI: China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said on Sunday. Beijing rolled over $2.1 billion, which has been in Pakistan's central bank's reserves for the last three years, and refinanced another $1.3 billion commercial loan, which Islamabad had paid back two months ago, the source said. Another $1 billion from Middle Eastern commercial banks and $500 million from multilateral financing have also been received, he said. 'This brings our reserves in line with the IMF target,' he said. The loans, especially the Chinese ones, are critical to shoring up Pakistan's low foreign reserves, which the IMF required to be over $14 billion at the end of the current fiscal year on June 30. Pakistani authorities say that the country's economy has stabilized through ongoing reforms under a $7 billion IMF bailout.
Khaleej Times
29-06-2025
- Business
- Khaleej Times
China rolls over $3.4 billion of commercial loans to Pakistan, says source
China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said on Sunday. Beijing rolled over $2.1 billion, which has been in Pakistan's central bank's reserves for the last three years, and refinanced another $1.3 billion commercial loan, which Islamabad had paid back two months ago, the source said. Another $1 billion from Middle Eastern commercial banks and $500 million from multilateral financing have also been received, he said. "This brings our reserves in line with the IMF target," he said. The loans, especially the Chinese ones, are critical to shoring up Pakistan's low foreign reserves, which the IMF required to be over $14 billion at the end of the current fiscal year on June 30. Pakistani authorities say that the country's economy has stabilised through ongoing reforms under a $7 billion IMF bailout.
