Iraq raises its investments in US bonds during December to the highest level in 2018

Iraq raises its investments in US bonds during December to the highest level in 2018

17 February 2019 03:17 PM

Iraq raises its investments in US bonds during December to the highest level in 2018From: Mr. Jamal

Mubasher: Iraq continued to increase its holdings of US debt instruments during the month of December to record highs in 2018.

Iraq’s ownership of US bonds jumped 67.1 per cent year on year to $ 34.6 billion ($ 41.364 trillion), the highest level in 2018, compared to $ 20.7 billion (24.747). Dinars) in the corresponding month of 2017.

On a monthly basis, Iraqi ownership of US Treasuries rose 7.8 percent in December from a month earlier to $ 32.1 billion (38.376 trillion dinars).

Iraq raised its holdings of US bonds in December for the third month in a row (31.1 billion dollars, or 37.18 trillion dinars in October, and 29.4 billion dollars equivalent to 35.148 trillion dinars in September).

Iraq ranked fourth with Arab ownership of US bonds; Saudi Arabia topped the list with $ 171.6 billion (205.148 trillion dinars), second with the UAE at 56.8 billion dollars (67.904 trillion dinars) and Kuwait with 41.3 billion dollars (49.374 trillion dinars).

mubasher.info