Iraq raises its holdings of US bonds to more than 20 billion dollars in a month

 
12/19/2021

Economy News _ Baghdad

The US Treasury announced, on Sunday, that Iraq's holdings of US bonds increased by more than two billion dollars to reach 20.364 billion dollars during the month of October.

The Treasury said in a table seen by "Economy News", that "Iraq's possession of US Treasury bonds for the month of October rose by $2.410 billion, or by 13.55%, to reach $20.364 billion, after it was $17.954 billion in the month of September."

Noting that "these bonds decreased from the same month of last year 2020, when Iraq's possession of bonds amounted to 21.6 billion dollars."

She added that "Iraqi bonds, including long-term guarantees amounting to 9.028 billion dollars and short-term guarantees amounting to 11.336 billion dollars," noting that these bonds represent 0.2% of the world's bonds.

In the Arab world, Saudi Arabia is at the forefront of the most possessing countries, with an amount of 116.4 billion dollars, followed by the UAE with 53 billion dollars, Kuwait third with 45.9 billion dollars, then Iraq fourth, Oman fifth with 5 billion dollars, then Morocco with 3.7 billion dollars.

She pointed out that "the most countries in possession of US bonds are Japan, with a value of 1.320 trillion dollars, followed by China, with a rate of 1.065 trillion dollars, followed by Britain, with a rate of 579 billion dollars."

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