Iraq reduces its holdings of US bonds by $400 million


The US Treasury Department stated on Tuesday that Iraq’s holdings of US bonds fell by $400 million in July, to around $32.6 billion.

According to the Treasury, “Iraq’s possession of US Treasury bonds for the month of July 2023 decreased by $400 million to reach $32.6 billion after it was $33 billion during the previous month,” indicating that “these bonds decreased by 6.12% compared to the same period in 2022, when Iraq’s holdings of bonds amounted to $34.6 billion.”

Saudi Arabia leads the Arab world in terms of possession, with 109.2 billion dollars, followed by the UAE (64.9 billion dollars), Kuwait (42.5 billion dollars), Iraq (4th), and Oman (7.061 billion dollars).

She pointed out that Japan has the most US bonds, with $1.112 trillion, followed by China, with $831.8 billion, the United Kingdom, with $662.4 billion, and Luxembourg, with $349.9 billion.

US Treasury bonds totaled around $7.563 trillion in July, up 1.04 percent from $7.463 billion in the same month previous year.


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