Iraq raises its holdings of US bonds by $300 million

Iraq raises its holdings of US bonds by $300 million

2023-08-17 01:16

Iraq raises its holdings of US bonds by 300 millionShafaq News/ The US Treasury Department announced, on Thursday, that Iraq’s holdings of bonds have increased, reaching about $33 billion, after a series of declines that extended for four months in a row.

The treasury stated in its latest table, seen by Shafaq News Agency, that “Iraq’s possession of US Treasury bonds for the month of June of 2023 increased by 300 million dollars, to reach 33 billion dollars, after it was 32.7 billion dollars during the previous month,” indicating that “These bonds increased by 3.12% over the same period in 2022, when Iraq’s possession of bonds amounted to $32 billion.”

In the Arab world, Saudi Arabia comes at the forefront of the countries with the most possession, amounting to 108.1 billion dollars, and the UAE comes second with 65.2 billion dollars, then Kuwait comes third with 40.6 billion dollars, then Iraq fourth and Oman fifth with 7.061 billion dollars.

She indicated that “the most holders of US bonds are Japan with 1.105 trillion dollars, followed by China with 835.4 billion dollars, followed by the United Kingdom with 672.3 billion dollars, and then comes Belgium with 332.4 billion dollars.”

US Treasury bonds in June amounted to about $7.563 trillion, an increase of 1.97 percent from its level in the same month last year of $7.417 billion, with a monthly growth of about 0.56 percent from $7.521 trillion in May 2023.