Clouds move over the Riyadh skyline November 17, 2013.
REUTERS/FAISAL AL NASSER
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One of the great mysteries of the $13.4 trillion Treasurys market has been solved after more than 41 years. The Treasury Department Monday released a breakdown of Saudi Arabia's holdings of U.S. debt, ending a long-standing policy of keeping the figures secret. The stockpile of the world's biggest oil exporter stood at $116.8 billion as of March, up from $82.7 billion two years earlier, according to data disclosed in response to a Freedom of Information Act request filed by Bloomberg News.Some nations accumulate Treasurys in offshore financial centers, meaning the holdings show up under data of other countries.Debt holdings of nations for which the Treasury released data Monday are as follows: Saudi Arabia $116.8, United Arab Emirates $62.5, Kuwait $31.2, Oman $15.9, Iraq $13.4, Qatar $3.7, Nigeria $3.1, Bahrain $1.2 and Algeria $0.7 billion.
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