Iraq ranks first among the countries that hold the largest US bonds

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iraq news

According to the US Treasury Department, Iraq is one of the top foreign holders of US bonds. The department’s recent table, which was obtained by Shafaq News Agency, revealed that despite a $400 million decrease in bond holdings in July, Iraq moved up one spot to 36th place out of the 38 countries listed for possessing the largest amount of US Treasury bonds.
According to the Treasury, Iraq’s possession of bonds totaled 32.6 billion dollars for July, a decrease of 1.21% from June when Iraq held 33 billion dollars in bonds. In 2022, this represents a 6.12% decrease from June. The Treasury noted that Iraq ranked fourth among Arab countries, following Saudi Arabia, the Emirates, and Kuwait. Japan held the largest amount of these bonds at $1.112 trillion, followed by China at $821 billion, the United Kingdom at $662 billion, Luxembourg at $349 billion, and Belgium at $318 billion.
According to the report, global bond holdings in July rose to $7.654 trillion, a $103 billion increase from June.

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