Iraq’s holdings of US bonds have fallen to less than $30 billion.

The US Treasury Department announced on Saturday that Iraq is not among the top 20 countries holding US bonds, while two Arab countries are among the top holders.

The Treasury stated in its latest table for September 2025, which Shafaq News Agency reviewed, that “Iraq did not enter the top twenty largest holders of US bonds, as its holdings declined from $40.8 billion in 2023 to less than $30 billion in 2024.”

She added that both Saudi Arabia and the UAE were among the 20 countries holding the largest amounts of US bonds, with $131.7 billion and $107.8 billion, respectively.

She pointed out that “the countries with the largest holdings of bonds were Japan, with $1.151 trillion, followed by the United Kingdom, which holds $899 billion, followed by China, with $730 billion, the Cayman Islands, with $438 billion, and Belgium, with $428 billion.”

In August 2023, the US Treasury announced that Iraq had dropped one place among the largest foreign holders of US bonds.

The Treasury said at the time that “Iraq dropped one rank despite increasing its bond holdings for June by $300 million, reaching 37th place among the 38 countries with the largest holdings of US Treasury bonds listed in the table,” indicating that “Peru increased its bond holdings to rank 36th, replacing Iraq.”

She added, “Iraq’s holdings of these bonds reached $33 billion in June, a 0.92% increase from last May, when Iraq’s holdings of bonds reached $32.7 billion. However, they increased by 3.12% from June 2022.”

The Treasury also noted that “Iraq is the fourth largest Arab country after Saudi Arabia, the UAE, and Kuwait, while Japan tops the list of countries holding the most of these bonds, at $1.105 trillion, followed by China in second place with $835 billion, the United Kingdom in third place with $672 billion, Belgium in fourth place with $332 billion, and Luxembourg in fifth place with $331 billion.”

Shafaq.com