The government is reducing its investment in US Treasury bonds
The government reduced its investment in US Treasury bonds during December 2019 on an annual basis, but it raised its ownership of US debt instruments in the same month to the highest level since last August.
Ownership in Iraq fell, according to the US Treasury’s monthly data , by 4.9 percent in December compared to the same month in 2018. Iraq’s
ownership of US bonds reached $ 32.9 billion at the end of December of 2019, compared to $ 34.6 billion In the corresponding month of the previous year. And on a monthly basis, Iraq raised its investments in US bonds during December for the second month in a row, with an increase of $ 1.9 billion over their value in November. Ownership registered
Iraq with US bonds at the end of last December, the highest level since August, which reached $ 35.1 billion.
The Iraq ranked fourth with a list of Arab countries owning US bonds; successor to Saudi Arabia , the first prize worth US $ 179.8 billion, followed by Kuwait B43.3 billion, and the UAE to $ 40.7 billion. Japan maintained the first position globally as the largest investor in US bonds by the end of 2019; with a total of $ 1.155 trillion, followed by China with $ 1.070 trillion.