Iraq’s possession of US bonds increased to nearly $40 billion

Iraq’s possession of US bonds increased to nearly $40 billion

2023-01-19 00:12

Iraqs possession of US bonds increased to nearly 40 billionShafaq News/ The US Treasury announced, on Thursday, that Iraq’s possession of US bonds increased by more than 1.7 billion dollars in one month, to reach nearly 40 billion dollars.

And the treasury stated in its latest schedule, seen by Shafaq News Agency, that “Iraq’s possession of US Treasury bonds for the month of November of the year 2022 increased by 1.749 billion dollars, to reach 39.717 billion dollars, after it was 37.968 billion dollars during the previous month,” indicating that ” These bonds increased by 87.2% over the same month of the year 2021, when Iraq’s possession of bonds amounted to $21.2 billion.

She added, “Iraqi bonds, including long-term guarantees of $26.640 billion and short-term guarantees of $13.077 billion,” noting that these bonds represent 0.55% of the world’s bonds.

In the Arab world, Saudi Arabia comes at the forefront of the countries with the most possession, amounting to 121.434 billion dollars, and the UAE comes second with 59.914 billion dollars, then Kuwait third with 50.700 billion dollars, then Iraq fourth, and Oman fifth with 6.875 billion dollars, then Morocco with 3.839 billion dollars.

She pointed out that “the most holders of US bonds are Japan with 1.082.233 trillion dollars, followed by China with 870.000 billion dollars, followed by the United Kingdom with 645.829 billion dollars, and then comes Belgium with 332.881 billion dollars.”