Iraq reduces its holdings of US bonds by $400 million
Iraq reduces its holdings of US bonds by $400 million
2023-09-19 00:04
Shafaq News/ The US Treasury Department announced on Tuesday that Iraq’s possession of US bonds decreased by $400 million to reach about $32.6 billion last July.
The Treasury stated in its latest table, seen by Shafaq News Agency, that “Iraq’s possession of US Treasury bonds for the month of July 2023 decreased by $400 million to reach $32.6 billion after it was $33 billion during the previous month,” indicating that “ These bonds decreased by 6.12% compared to the same period in 2022, when Iraq’s holdings of bonds amounted to $34.6 billion.
In the Arab world, Saudi Arabia is at the forefront of the countries with the most possession, amounting to 109.2 billion dollars, and the UAE comes second with 64.9 billion dollars, then Kuwait comes third with 42.5 billion dollars, then Iraq fourth and Oman fifth with 7.061 billion dollars.
She pointed out that the country that holds the most US bonds is Japan, with $1.112 trillion, followed by China, with $831.8 billion, followed by the United Kingdom, with $662.4 billion, and then comes Luxembourg, with $349.9 billion.
US Treasury bonds in July amounted to about $7.563 trillion, an increase of 1.04 percent from their level in the same month last year of $7.463 billion.
shafaq.com
