The US Treasury Department announced, on Sunday, that Iraq has reduced its holdings of US bonds to more than $8 billion during the first five months of 2023.
It said in its data table, “Iraq reduced its holdings of bonds during the first five months of this year, and from January to May, by $8.5 billion, to reach the 36th rank among the countries with the largest possession of US treasury bonds, which number 38 countries listed in the table of countries.”
It added, “Iraq’s possession of US bonds in January amounted to 41.2 billion dollars, to decrease to 40.7 billion dollars in February, and to decrease to 39.3 billion dollars in March, after which it decreased again in April to 34.8 billion dollars, and decreased in May to 32.7 billion dollars,” noting that “Iraq’s possession of US bonds in January of 2022 amounted to 40.8 billion dollars.”
It indicated that “Iraq came as the fourth largest Arab country in the largest possession of US bonds, after Saudi Arabia, the Emirates and Kuwait.”/ End
Source: National Iraqi News Agency