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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    More than 40 billion dollars... Iraq's possession of American bonds

    Rocky
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    More than 40 billion dollars... Iraq's possession of American bonds Empty More than 40 billion dollars... Iraq's possession of American bonds

    Post by Rocky Mon 20 Feb 2023, 4:51 am

    More than 40 billion dollars... Iraq's possession of American bonds



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    2023-02-20 03:14
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    Shafaq News/ The US Treasury announced, on Monday, that Iraq's possession of US bonds has risen to more than 40 billion dollars, while an economist indicated that these bonds enjoy large returns and a good economic return.



    The treasury stated in its latest table, seen by Shafaq News agency, that "Iraq's possession of US Treasury bonds for the month of December of 2022 increased by 1.097 billion dollars, to reach 40.814 billion dollars, after it was 39.717 billion dollars during the previous month," indicating that " These bonds increased by 81.4% over the same month of 2021, when Iraq's possession of bonds amounted to $22.5 billion.
    She added, "Iraqi bonds, including long-term guarantees of $28.239 billion and short-term guarantees of $12.575 billion," noting that "these bonds represent 0.55% of the world's bonds."
    And in the Arab world, Saudi Arabia comes at the forefront of the countries with the most possession, amounting to 119.709 billion dollars, and the UAE comes second with 58.570 billion dollars, then Kuwait comes third with 48.522 billion dollars, then Iraq fourth and Oman fifth with 6.860 billion dollars, then Morocco with 3.870 billion dollars. 
    She indicated that "the most holders of US bonds are Japan with 1.076.284 trillion dollars, followed by China with 867.061 billion dollars, followed by the United Kingdom with 654.474 billion dollars, and then comes Belgium with 354.325 billion dollars."
    "US bonds represent one way to manage Iraq's foreign currency reserves, which are invested successfully," said economist Muhammad al-Hassani, to Shafaq News agency, noting that "these bonds enjoy great returns and a good economic return."
    He added, "These reserves are distributed among the major currencies in the world, in order to avoid the risks of currency exchange rates fluctuation among them in order to maximize returns or reduce risks.
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