Iraq raises its holdings of US bonds to more than two billion dollars

The US Treasury announced, on Tuesday, that Iraq’s possession of US bonds increased by more than two billion dollars during the month of April.

The Treasury said in its latest schedule, seen by Shafak News Agency, that “Iraq’s possession of US Treasury bonds for the month of April of 2022 increased by $2 billion and 107 million, or by 8.04 percent, to reach $28.310 billion, after it was 26.203 billion in the month of March.” “, indicating that “these bonds also rose from the same month last year 2021, when Iraq’s possession of bonds amounted to 19.3 billion dollars.”

She added that “Iraqi bonds, including long-term guarantees amounting to 12.405 billion dollars, and short-term guarantees amounting to 15.905 billion dollars,” noting that “these bonds represent 0.4% of the world’s bonds.”

In the Arab world, Saudi Arabia is at the forefront of the most possessing countries, reaching 115,743 billion dollars, Kuwait second with 46.134 billion dollars, the UAE third with 41.739, then Iraq fourth, Oman fifth with 5.993 billion dollars, then Morocco with 3.697 billion dollars, according to the statement of the US Treasury.

She pointed out that “the most holder of US bonds is Japan, at $1,218.517 trillion, followed by China, at $1,003.409 trillion, followed by the United Kingdom, at $612.695 billion, and Ireland, at $309.630 billion.”

shafaq.com