Baghdad The US Treasury Department announced today, Wednesday, that Iraq achieved the largest purchase of its bonds during the month of October of 2022, in more than 10 years, to be one of the largest foreign holders.
It said in its latest schedule, “Iraq achieved, during the month of October of 2022, the largest purchase of US Treasury bonds, at $38 billion,” noting that “the value of these bonds increased by 86% over the value of bonds for the year 2021, and it increased by 76%.” compared to 2020, and increased by 16% compared to 2019.
It added, “Iraq’s highest possession of US Treasury bonds was in 2012, when the value of bonds in that year reached $48.3 billion, after which it decreased by 29% in 2011.”
It indicated 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 head of the countries with the largest value of these bonds, followed by China second and the United Kingdom third.”
Source: National Iraqi News Agency
