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Analysis

Saudi holdings of US Treasuries hit record low, signaling push to diversify from dollar

Saudi Arabia's stockpile of US Treasuries fell to $108.1 billion in June, the lowest point since December 2016.

A general view shows office buildings at al-Raidah Digital City of the Saudi capital Riaydh on February 28, 2022.
A general view shows office buildings at Al-Raidah Digital City, Riaydh, Saudi Arabia, Feb. 28, 2022. — Fayez Nureldine/AFP via Getty Images

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