For the second month..Iraq is reducing its holdings of US bonds
Shafaq News / The US Treasury announced, on Tuesday, that Iraq’s possession of US bonds decreased for the second month in a row, to reach $39 billion.
The treasury stated in its latest table, seen by Shafaq News agency, that “Iraq’s possession of US Treasury bonds for the month of March of the year 2023 decreased by 1.4 billion dollars, to reach 39.3 billion dollars, after it was 40.7 billion dollars during the previous month,” indicating that “this Bonds rose by 50% over the same month of 2022, when Iraq’s possession of bonds amounted to $26.2 billion.
In the Arab world, Saudi Arabia comes at the forefront of the countries with the most possession, amounting to 116.2 billion dollars, and the UAE comes second with 61.5 billion dollars, then Kuwait third with 39.3 billion dollars, then Iraq fourth, and Oman fifth with 7.061 billion dollars, then Morocco with 3.890 billion dollars.
She pointed out that “the most holders of US bonds are Japan with 1087.7 trillion dollars, followed by China with 869.3 billion dollars, followed by the United Kingdom with 714 billion dollars, and then comes Belgium with 336.5 billion dollars.”