RT.com
19 Jan 2022, 19:43 GMT+10
Once a major holder of US Treasuries, Moscow started the sell-off of American government-issued securities in 2017
The Russian central bank has continued getting rid of US Treasury bonds, with its share of investments in American debt shrinking by $1.3 billion in November to $2.4 billion, according to the US Treasury Department.
Statistics show that at the end of November, the Russian owned long-term government bonds totaled a modest $101 million against the $554 million a month earlier. Investments in short-term Treasury securities decreased to $2.308 billion from $3.166 billion.
Russia used to be one of the major holders of US Treasuries. Back in 2013, Russian investments in US government bonds exceeded $150 billion. However, the country's central bank has been steadily cutting this investment since May 2017, in line with the state-supported de-dollarization policy, and in response to sanctions imposed by the White House. In April 2018, Russia's investments in US Treasuries almost halved, decreasing from $96.1 billion to $48.7 billion.
The regulator also turned to diversifying the national reserves, increasing bullion purchases in recent years to record levels, and earning the title of one of the world's major gold purchasers.
Data shows Japan remains the largest holder of US Treasury bonds for the thirtieth month in a row, increasing investments by $20.2 billion in November to $1.34 trillion. China, ranked the second-biggest holder of US state debt, increasing its share to $1.08 trillion. The UK is the third-biggest holder with $621.6 billion. Luxembourg, Ireland, Switzerland, the Cayman Islands, Brazil, Taiwan, and Hong Kong are among the top 10 holders of US government bonds.
Overall, foreign holders of US sovereign debt increased their holdings by $88.8 billion in November to $7.75 trillion.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Santa Barbara Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Santa Barbara Post.
More InformationWASHINGTON, D.C.: In response to soaring egg prices and supply shortages driven by a devastating bird flu outbreak, the United States...
NEW YORK, New York - Renewed fears about inflation, and U.S. Donald Trump's trade policies say American markets take a deep dive Friday....
CAPE TOWN, South Africa: The U.S. Embassy in South Africa said it received a list of over 67,000 people interested in refugee status...
NEW YORK, New York - Shares in automakers fell sharply Thursday after U.S.President Donald Trump imposed a 25 percent tariff on all...
RALEIGH, North Carolina: North Carolina's highest court has ruled that a mother and her teenage son can pursue a lawsuit over a COVID-19...
WASHINGTON, D.C.: Federal safety regulators have launched a new investigation into Ford's best-selling F-150 pickup trucks after receiving...
The death toll in Friday's massive earthquake in Myanmar has risen to obver 1,000, and is expected to rise significantly. At least...
WASHINGTON, D.C.: In response to soaring egg prices and supply shortages driven by a devastating bird flu outbreak, the United States...
WASHINGTON, D.C.: U.S. President Donald Trump vowed this week that more countries will be added to the Abraham Accords, the series...
TOKYO, Japan: This week, Japan's cherry blossom season officially began as experts confirmed the first blooms in Tokyo. A specialist...
CAPE TOWN, South Africa: The U.S. Embassy in South Africa said it received a list of over 67,000 people interested in refugee status...
RALEIGH, North Carolina: North Carolina's highest court has ruled that a mother and her teenage son can pursue a lawsuit over a COVID-19...