By: Heba El-Kordy

Cairo – Mubasher: Egypt’s holding of US Treasuries stabilised at $2.242 billion in February for the third successive month, data by the US Department of the Treasury showed.

Year-on-year (YoY), the country’s holding of US Treasuries rose to $2.242 billion in February from $2.207 billion in the corresponding month in 2020.

Saudi Arabia kept its leading position among Arab holders of US Treasuries with a value of $132.9 billion, followed by the UAE and Kuwait with $50.6 billion and $44.8 billion, respectively.

Globally, Japan ranked first with a value of $1.258 trillion, followed by China with $1.104 trillion and the UK with $459.5 billion.

At the end of February, Egypt’s net international reserves increased by about $100 million to $40.200 billion, compared to $40.100 billion during January.