Iraq raises its holdings of US bonds by more than 4.5 billion dollars

Iraq raises its holdings of US bonds by more than 4.5 billion dollars

2022-07-20 08:07

Iraq raises its holdings of US bonds by more than 4.5 billion dollarsShafaq News/ The US Treasury announced, on Wednesday, that Iraq’s holdings of US bonds increased by more than 4.5 billion dollars during the month of May.

The Treasury said in its latest schedule, seen by Shafaq News Agency, that “Iraq’s possession of US Treasury bonds for the month of May of 2022 increased by 4 billion and 584 million dollars, or 13.94%, to reach 32.894 billion dollars, after it was 28.310 billion dollars in the month of April.” Indicating that “these bonds also rose from the same month last year 2021, when Iraq’s possession of bonds amounted to 20.9 billion dollars.”

She added that “Iraqi bonds, including long-term guarantees amounting to 15.485 billion dollars and short-term guarantees amounting to 17.409 billion dollars,” noting that these bonds represent 0.4% of the world’s bonds.

In the Arab world, Saudi Arabia comes at the forefront of the most possessing countries, reaching 114.650 billion dollars, followed by Kuwait second with 46.326 billion dollars, the UAE coming third with 38.277, then Iraq fourth, Oman fifth with 6.327 billion dollars, then Morocco with 3.723 billion dollars.

She pointed out that “the most holder of US bonds is Japan, with a value of 1,212.827 trillion dollars, followed by China, with 980.786 billion dollars, followed by the United Kingdom, with 634.010 billion dollars, and Ireland, with 289.279 billion dollars.”

shafaq.com