On Thursday, the US Treasury Department stated that Iraq is one of the top foreign holders of US Treasuries.
According to the latest table, seen by Shafaq News Agency, “Iraq advanced one rank despite a $400 million decrease in its bond holdings for the month of July, reaching 36th place among the countries with the largest possessions of US Treasury bonds of the 38 countries listed in the table for countries.”
She said, “Iraq’s possession of these bonds amounted to 32.6 billion dollars for the month of July, a decrease of 1.21% from the month of June, which Iraq’s possession of bonds amounted to 33 billion dollars, and a decrease of 6.12% from the month of June for the year 2022.”
The Treasury Department further stated that “Iraq was the fourth largest Arab country after Saudi Arabia, the Emirates, and Kuwait, while Japan came at the top of the countries with the largest holding of these bonds, with $1.112 trillion, followed by China second with $821 billion, the United Kingdom third with $662 billion, and Luxembourg fourth with $349.” Belgium comes in fifth place with 318 billion dollars.”
It stated that “the total bonds of countries around the world for the month of July increased by 103 billion dollars compared to last June, reaching 7 trillion and 654 billion dollars.”