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Iraq increases its holdings of us Bonds by more than one billion and 250 million dollars over the past month

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Iraq increases its holdings of us Bonds by more than one billion and 250 million dollars over the past month

On November 17, 2022

The US Treasury Department announced on Thursday that Iraq increased its holdings of US bonds to more than one billion and 250 million dollars during last September.

The Treasury said in its latest schedule received by The Independent, that

“Iraq's possession of US Treasury bonds for the month of September of 2022 increased by 1.275 billion dollars to reach 36.905 billion dollars, up from 35.630 billion dollars last August,” indicating that

“these bonds increased by 51.35% over the same month of last year 2021 when Iraq's possession of bonds amounted to 18 billion dollars.  She added that

”Iraqi bonds include long-term guarantees of 25.346 billion dollars and short-term guarantees of 11.559 billion dollars,“ noting that

”these bonds represent 0.49% of the world's bonds".

In the Arab world,
Saudi Arabia is at the forefront of the most possessing countries, with 120.997 billion dollars,
Kuwait comes second with 49.923 billion dollars, the
UAE comes third with 48.259 billion dollars, then
Iraq fourth,
Oman fifth with 7.044 billion dollars, then
Morocco with 3.739 billion dollars.  She pointed out that

“the most countries holding US bonds are
Japan with 1.120.184 trillion dollars, followed by
China with 933.579 billion dollars, followed by the
United Kingdom with 663.287 billion dollars, and then
Belgium comes with 325.085 billion dollars”.

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