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Iraq is the fourth Arab in its ownership of US Treasury bonds and the third in foreign reserves

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Iraq is the fourth Arab in its ownership of US Treasury bonds and the third in foreign reserves

Unread postby admin » Sun Sep 16, 2018 8:38 am

Iraq is the fourth Arab in its ownership of US Treasury bonds and the third in foreign reserves

2018/9/16 13:55

Iraq is the fourth Arab in its ownership of US Treasury bonds and the third in foreign reserves

(Baghdad: Al-Furat News) The Central Bank announced that Iraq is fourth among the Arab oil countries in the ownership of US Treasury bonds and the third in foreign currency reserves.
A statement of the bank's information received by the agency {Euphrates News} a copy of him that "his ownership of the US Treasury bonds for June 2018 rose by (24.0) billion dollars compared to {14.3} billion dollars for the month of August 2017, an increase of {67.8%}.
"With this rise, Iraq ranks fourth among some oil countriesin its ownership of US Treasuries. Saudi Arabia came first in investment in US bonds and bonds with a value of 164.9 billion dollars for June 2018 compared to 137.9 billion dollars for the month In August 2017, while the UAE came second with total investments of $ 59.6 billion compared to $ 55.9 billion in 2017. Kuwait came third with $ 42.9 billion.
As for the foreign currency reserve for Iraq, the bank said, "It also rose for the month of June 2018 to record $ 54 billion against $ 46.2 billion for August 2017, an increase of 16.9% Saudi Arabia ranked first with foreign exchange reserves amounting to $ 508 billion in Arab countries, while the United Arab Emirates ranked second with $ 171 billion.

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