Iraq reduces its holdings of US bonds by $4.5 billion

Iraq reduces its holdings of US bonds by $4.5 billion

2023-06-17 23:50

Iraq reduces its holdings of US bonds by 4.5 billionShafaq News/ The US Treasury announced, on Saturday, that Iraq’s possession of US bonds decreased for the third month in a row, to reach about $35 billion.

The treasury stated in its latest table, seen by Shafaq News agency, that “Iraq’s possession of US Treasury bonds for the month of April of 2023 decreased by 4.5 billion dollars, to reach 34.8 billion dollars, after it was 39.3 billion dollars during the previous month,” indicating that “this Bonds rose by 18.6% over the same month of 2022, when Iraq’s possession of bonds amounted to $28.3 billion.

In the Arab world, Saudi Arabia comes at the forefront of the countries with the most possession, amounting to 113.3 billion dollars, and the UAE comes second with 70.2 billion dollars, then Kuwait comes third with 41.4 billion dollars, then Iraq fourth and Oman fifth with 7.061 billion dollars.

She pointed out that “the most holders of US bonds are Japan with 1127.2 trillion dollars, followed by China with 868.9 billion dollars, followed by the United Kingdom with 680.7 billion dollars, and then Belgium with 336.6 billion dollars.”