Shafaq News/ The US Treasury Department announced, on Monday, that Iraq has become one of the major foreign holders of US Treasury bonds.
The Treasury said in its latest schedule, seen by Shafak News Agency, that “Iraq has become among the 35 largest countries that have possession of US Treasury bonds than those that have bonds with a value of more than 30 billion dollars.”
And she added, “Iraq’s possession of these bonds amounted to 32.9 billion dollars for the month of May, an increase of 36.51 percent over the month of January of 2022, and an increase of 57.42 percent over the same month of last year 2021.”
She pointed out that “Iraq was the fourth largest Arab country in terms of the value of bonds after Saudi Arabia, Kuwait and the UAE, while Japan came at the top of the countries with the largest value of these bonds, followed by China second and the United Kingdom third,” indicating that the total US bonds owned by the countries of the world amounted to 7 trillion. and $421 billion.