Iraq increases holdings of US treasuries after a multi-billion buy-off in October 2022

Shafaq News/ Iraq increased its holdings of US treasury bonds toward the end of 2022 after a multi-billion buy-off deal in October, a recent update by the US treasury has shown.

According to the table, Iraq bought treasuries for 38 billion dollars back in October. The value of these treasuries increased by 86%, 76%, and 16% compared to 2021, 2020, and 2019, respectively.

In 2012, Iraq's owned 48.3 billion dollars in US government debt instruments. It decreased by 29% the following year.

Japan, followed by China and the United Kingdom, boasts the largest investments in US treasury bonds worldwide. Among the Arab holders, Iraq ranks fourth to Saudi Arabia, Kuwait, and the United Arab Emirates.