Iraq increases its holdings of US bonds to nearly $38 billion

Iraq increases its holdings of US bonds to nearly $38 billion

2022-12-18 22:05

Iraq increases its holdings of US bonds to nearly 38 billionShafaq News/ The US Treasury Department announced, on Sunday, that Iraq increased its holdings of US bonds to more than one billion dollars during the month of October.

And the treasury stated in its latest table, seen by Shafaq News agency, that “Iraq’s possession of US Treasury bonds for the month of October of the year 2022 increased by 1.063 billion dollars, to reach 37.968 billion dollars, after it was 36.905 billion dollars last September,” indicating that ” These bonds increased by 86.27% over the same month last year 2021, when Iraq’s possession of bonds amounted to $20.4 billion.

And she added, “Iraqi bonds, including long-term guarantees of $26.363 billion and short-term guarantees of $11.605 billion,” noting that “these bonds represent 0.51% of the world’s bonds.”

In the Arab world, Saudi Arabia comes at the forefront of the countries with the most possession, amounting to 121.095 billion dollars, and the UAE comes second with 53.935 billion dollars, then Kuwait comes third with 50.285 billion dollars, and then Iraq fourth, and the Sultanate of Oman fifth with 6.948 billion dollars, then Morocco with 3.761 billion dollars.

The treasury indicated that “the most holders of US bonds are Japan with 1.078.241 trillion dollars, followed by China with 909.554 billion dollars, followed by the United Kingdom with 638.539 billion dollars, and then comes Belgium with 327.294 billion dollars.”