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Egypt’s holding of US Treasuries remains steady for third month in row

Egypt’s holding of US Treasuries remains steady for third month in row
Japan was the top foreign holder of US Treasuries with a value of $1.258 trillion

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.