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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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    For the third month in a row... Will Iraq be affected by the decline in its holdings of US bonds?

    Rocky
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    For the third month in a row... Will Iraq be affected by the decline in its holdings of US bonds? Empty For the third month in a row... Will Iraq be affected by the decline in its holdings of US bonds?

    Post by Rocky Sun 18 Jun 2023, 3:53 am

    [size=35][size=35]For the third month in a row... Will Iraq be affected by the decline in its holdings of US bonds?[/size]
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    Economy

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    2023-06-18 | 03:30
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    Alsumaria News - Economy

    Iraq's possession of US Treasury bonds for the month of April 2023 decreased by 4.5 billion dollars to reach 34.8 billion dollars, after it was 39.3 billion dollars during the previous month, at a time when economists assert that Iraq was not affected by the decrease in its holdings. for US bonds.


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    Recently, the[You must be registered and logged in to see this link.]announced that Iraq's possession of the Treasury[You must be registered and logged in to see this link.] [url=https://www.alsumaria.tv/Entity/71005/%D8%B3%D9%86%D8%AF%D8%A7%D8%AA %D8%A7%D9%84%D8%AE%D8%B2%D9%8A%D9%86%D8%A9/ar/]Treasury bonds[/url]For the month of April of 2023, it decreased by 4.5 billion dollars to reach 34.8 billion dollars, after it was 39.3 billion dollars during the previous month, "noting that" these bonds increased by 18.6%. For the same month of 2022, when Iraq's possession of bonds amounted to 28.3 billion dollars.



    In the opinion of financial professionals that low possession[You must be registered and logged in to see this link.]Of US Treasury bonds does not change its position in fourth place after each of Saudi Arabia and the UAE[You must be registered and logged in to see this link.], likely to be the reason for the decline, buying[You must be registered and logged in to see this link.]Large quantities of gold, or as a result of the noticeable decline in Iraqi oil sales and its negative repercussions on the total volume of Iraqi cash reserves.

    The economist[url=https://www.alsumaria.tv/Entity/3517594793/%D9%86%D8%A8%D9%8A%D9%84 %D8%A7%D9%84%D9%85%D8%B1%D8%B3%D9%88%D9%85%D9%8A/ar/]Nabil Al-Marsoumi[/url]He said that[You must be registered and logged in to see this link.]It still maintains its fourth position in the Arab world, after Saudi Arabia and the UAE[You must be registered and logged in to see this link.]

    Al-Marsoumi added, “The most important tools for managing official foreign reserves is the ability to provide efficient and safe investment with high-quality financial tools .” level, whether maximizing returns or reducing risks," pointing out that "[You must be registered and logged in to see this link.]He still owns large investments in US Treasury bonds because of these two factors, because[You must be registered and logged in to see this link.]He is keen to distribute his reserves among the major currencies in the world with different relative weights in order to avoid the risks of fluctuating exchange rates

    .[You must be registered and logged in to see this link.]They are short-term US Treasury bonds or European government bonds with a high rating of AAA,” noting that “the large volume of Iraqi investments in US Treasury bonds means that revenues[You must be registered and logged in to see this link.]Dollar denominated, and that exports[You must be registered and logged in to see this link.]

    oil, and therefore the returns will undoubtedly be in dollars.”[You must be registered and logged in to see this link.]Large quantities of gold, in addition to the noticeable decline in Iraqi oil sales and its negative repercussions on the total volume of Iraqi monetary reserves, and this could be one of the reasons that led to the decline in possession of[You must be registered and logged in to see this link.]For US Treasury bonds,” according to the official newspaper.

    For his part, financial expert Salwan Al-Nouri said, “In order to avoid any possible global recession, most countries are working to diversify their investment portfolios, and[You must be registered and logged in to see this link.]It is no different from many of them in this regard, pointing out that "the country has recently begun to buy large quantities of the yellow metal in line with this approach."

    He added, “One of the reasons for the decrease in ownership may be the recent decline in oil revenues, as it is directly proportional to the abundance and accumulation of revenues from the dollar in the[You must be registered and logged in to see this link.]reserves, or the scarcity of hard currency, and thus the bonds decline to reach this way," according to the newspaper.

    It is noteworthy that[url=https://www.alsumaria.tv/Entity/47950/%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9/ar/]Saudi Arabia[/url]comes to the forefront of the Arab countries with the most possession, amounting to 113.3 billion dollars, the[You must be registered and logged in to see this link.]second with 70.2 billion dollars, Kuwait third with 41.4 billion dollars, then Iraq fourth and Oman fifth with 7.061 billion dollars.

    The countries that hold the most[You must be registered and logged in to see this link.]Bonds are Japan with 1127.2 trillion dollars, followed by China with 868.9 billion dollars, followed by the United Kingdom with 680.7 billion dollars, then Belgium with 336.6 billion dollars.

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