Cairo – Mubasher: Egypt’s holding of US Treasuries increased to its highest level since October 2018, registering $2.243 billion in September, compared to $2.162 billion in the same month a year earlier.
Month-on-month (MoM), the North African nation’s holding of US Treasuries grew by $5 million from $2.238 billion in August, data by the US Department of the Treasury showed.
Saudi Arabia topped Arab holders of US Treasuries with a value of $131.2 billion, followed by Kuwait with $46.6 billion and the UAE with $33.1 billion.
Globally, Japan ranked first with a value of $1.276 trillion, followed by China with $1.061 trillion.
At the end of October, Egypt’s foreign reserves rose to $39.22 billion, compared to $38.425 billion a month earlier.
