Iraq increases its holdings of US bonds by more than one billion dollars

Iraq increases its holdings of US bonds by more than one billion dollars

2022-10-19 22:27

Iraq increases its holdings of US bonds by more than one billion dollarsShafaq News/ The US Treasury announced, on Wednesday, that Iraq increased its holdings of US bonds to more than one billion dollars during the month of August.

The Treasury said in its latest schedule, seen by Shafak News Agency, that “Iraq’s possession of US Treasury bonds for the month of August of 2022 increased by 1.043 billion dollars, or 3.02%, to reach 35.630 billion dollars, after it was 34.587 billion dollars in the month of July,” indicating “These bonds rose from the same month last year, 2021, when Iraq’s holdings of bonds amounted to $18.9 billion.”

And she added, “Iraqi bonds, including long-term guarantees amounting to 23.430 billion dollars and short-term guarantees amounting to 12.200 billion dollars,” noting that these bonds represent 0.44% of the world’s bonds.

In the Arab world, Saudi Arabia comes at the forefront of the most possessing countries, reaching $122.089 billion, followed by Kuwait with $51.031 billion, the UAE third with $47.767 billion, then Iraq fourth, Oman fifth with $7.134 billion, then Morocco with $3.708 billion.

She pointed out that “the most holder of US bonds is Japan, with a value of 1,199.778 trillion dollars, followed by China, with a value of 971,808 billion dollars, followed by the United Kingdom, with a value of 644.710 billion dollars, and then Luxembourg with 305.974 billion dollars.”

shafaq.com