Central Bank: Iraq's fourth Arab ownership of US Treasury bonds

9/16/2018


The Central Bank of Iraq said on Sunday that its ownership of US Treasuries 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%.

The Central Bank said in a statement received by the Echo Agency, "Iraq ranked fourth among some oil countries in its ownership of US Treasury bonds, as Saudi Arabia ranked first in investment in US bonds and bonds worth 164.9 billion dollars for the month of June 2018 compared to 137.9 billion dollars for the month of August 2017 ".

He added that "while the UAE came second with total investments amounted to 59.6 billion dollars compared to 55.9 billion dollars in 2017, and came in third place by 42.9 billion dollars."

He added that "for the foreign currency reserve for Iraq, this bank confirms that" the other rose for the month of June 2018 to record $ 54 billion, compared to $ 46.2 billion for the month of August 2017, an increase rate of 16.9% and ranked Iraq ranked third among the Arab countries.

He pointed out that "the Kingdom of Saudi Arabia ranked first as the foreign exchange reserves amounted to 508 billion dollars within the Arab countries, while the United Arab Emirates ranked second place by 171 billion dollars."

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