Iraq reduces its holdings of US bonds for the fourth consecutive month

by **Rocky** Wed 19 Jul 2023, 4:44 am

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Iraq reduces its holdings of US bonds for the fourth consecutive month

by Rocky Wed 19 Jul 2023, 4:44 am

Iraq reduces its holdings of US bonds for the fourth consecutive month

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2023-07-19 01:24
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Shafaq News/ The US Treasury announced, on Wednesday, that Iraq's possession of US bonds decreased for the fourth month in a row, to reach about $32.1 billion.

The treasury stated in its latest census, seen by Shafaq News agency, that "Iraq's possession of US Treasury bonds for the month of May 2023 decreased by 2.1 billion dollars to reach 32.7 billion dollars, after it was 34.8 billion dollars during the previous month," indicating That "these bonds decreased by 0.61% over the same period in 2022, when Iraq's possession of bonds amounted to $32.9 billion."
In the Arab world, Saudi Arabia comes at the forefront of the countries with the most possession, amounting to 113.3 billion dollars, and the UAE comes second with 69 billion dollars, then Kuwait third with 41.4 billion dollars, then Iraq fourth, and Oman fifth with 7.061 billion dollars.
She pointed out that "the most holders of US bonds are Japan with 1096.8 trillion dollars, followed by China with 846.7 billion dollars, followed by the United Kingdom with 666.6 billion dollars, and then comes Belgium with 335.5 billion dollars."
She indicated that the volume of bonds for countries in America amounted to 7.527.4 trillion dollars.
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