There has been a breakdown released by the Treasury Department that cleared the numbers on the secret that has been kept under the rug for 40 years, which was the Saudi Arabia’s holding power of U. S. Debt.
The record was achieved in January of the present year as now the numbers of the biggest oil exporting country’s hold on our debt sits at roughly 116.8 billion dollars in March, as disclosed by the Treasury following a Freedom-of-Information Act request.
Now, more questions surface because central banks usually deploy 2 thirds of their vaults in dollars and the Saudi reserves surpass 587 billion dollars according to the International Monetry Fund data, while other nations show the holdings under the data of other countries thanks to offshore financial centers.
As an example, we point out Belgium, which held roughly 143 billion dollars of U. S. Debt back in February, but under Chinese custodial accounts, as analysts state.
The New York Times followed to report that Saudi Officials were threatening to dump 750 billion dollars of Treasuries in the market if the U. S. were t enact a bill which would make the monarchy responsible for any terror attacks, like any role related to the infamous even of the 11th of September of 2001.
The U. S. started disclosing their Treasury data in 1974, but they were not disclosing Saudi Arabia’s holdings, grouping them with nations like the United Arab Emirates, Nigeria and Kuwait.
The Treasury provided a detailed report and monthly breakdown on the U. S. Debt and how it is held by hundreds of countries, including the Vatican.
The reports are going to be updated this upcoming month and you can read all about it in the New York Times.