Iraq fourth in ownership of US Treasury bonds

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The Central Bank of Iraq that the ownership of 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%

The bank confirms that this increase, Iraq ranks fourth (out of) some of the oil countries in the ownership of US Treasury bonds, with 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 In August 2017, while the UAE came in second place with a total investment of (59.6) billion dollars compared to (55.9 billion dollars in 2017), and Kuwait came third with (42.9) billion dollars.

As for Iraq’s foreign currency reserves, this bank confirms that it also rose for the month of June 2018 to record (54) billion dollars compared to (46.2) billion dollars for the month of August 2017, an increase rate (16.9%) and ranked Iraq ranked third (third) among the Arab countries, The Kingdom of Saudi Arabia ranked first with foreign exchange reserves amounting to 508 billion dollars in the Arab countries, while the United Arab Emirates ranked second with 171 billion dollars.

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