Shafaq News/Iraq is nolonger among the top foreign holders of US Treasury securities, the USDepartment of the Treasury announced on Tuesday.
According to the Treasury'sSeptember report, Iraq, which ranked among the leading holders with $32.6billion in 2023, is no longer among the top 20 countries holding US Treasurysecurities.
In recent years, several Arab andforeign countries, including Iraq, held significant amounts of US Treasurysecurities, which are issued by the US government and considered a safeinvestment; however, Iraq's holdings have gradually declined.
The report indicated that Japan ledthe list of major holders with $1.123 trillion, followed by China with $772billion, the UK with $764 billion, the Cayman Islands with $420 billion,Luxembourg with $417 billion, and Canada with $370 billion.
Saudi Arabia was the only Arabcountry to remain in the top 20, holding $143.9 billion in Treasury securities.