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Iraq reduces its holdings of US bonds
Economical 09/20/2023
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Baghdad: Al-Sabah
The US Treasury Department announced yesterday, Tuesday, that Iraq’s possession of US bonds decreased by $400 million to reach about $32.6 billion last July.
The Treasury stated in its latest schedule that “Iraq’s possession of US Treasury bonds for the month of July of 2023 decreased by $400 million to reach $32.6 billion after it was $33 billion during the previous month,” indicating that “these bonds decreased by 6.12 percent.” percent for the same period in 2022, when Iraq’s possession of bonds amounted to $34.6 billion.
In the Arab world, Saudi Arabia is at the forefront of the countries with the most possession, amounting to 109.2 billion dollars, and the UAE comes second with 64.9 billion dollars, then Kuwait is third with 42.5 billion dollars, then Iraq is fourth and Oman is fifth with 7.061 billion dollars.
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