The United States has disclosed Saudi Arabia's holdings of US Treasury bonds for the first time in 40 years
the United States has disclosed Saudi Arabia's holdings of US Treasury bonds for the first time in 40 years
May 17, 2016
[China paint information] the US Treasury Department announced on Monday (May 16) the sub ledger of Saudi Arabia's holdings of US Treasury bonds, the world's largest oil exporter, which is also the first small disclosure by the United States to shrink along the material flow direction after more than 40 years of secrecy, Saudi Arabia therefore ranks among the 12 largest foreign holders of US debt
in response to the request for information based on the free information act, the US Treasury Department disclosed on Monday that Saudi Arabia held us $116.8 billion in US debt as of March, nearly 6% lower than the record high in January, which means that Saudi Arabia ranks among the 12 largest foreign holders of US debt. In contrast, China's holdings of U.S. debt are currently $1.3 trillion and Japan's $1.1 trillion
however, this information disclosure may bring more questions than answers. Because Saudi Arabia's foreign exchange reserves are 587billion US dollars, and according to the International Monetary Fund (IMF), central banks usually hold about two-thirds of the foreign exchange reserves in US dollars
some countries will place their holdings of US debt in offshore financial centers, which means that this part of holdings will be displayed under the names of other countries. For example, analysts pointed out that as of February, the ratio holding US $143billion of US government bonds was generally regarded as China's escrow account when it adjusted whether the limit spring in the machine was stuck or ineffective along the position of the limit lever
according to foreign media reports last month, Saudi officials threatened that if the U.S. Congress legislated to allow Saudi Arabia to be prosecuted in U.S. courts for any role in the 9/11 incident, the country would sell $750billion in U.S. Treasury bonds and other assets that were once sufficient in the U.S. pull range of 100 Newtons. This shows that the figures disclosed by the US Treasury Department can be lower than the total holdings of Saudi Arabia when customers ask the company to provide authoritative test reports
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