Russia took seventh place in the ranking of countries by acquiring the largest number of U.S. Treasury securities, money from the sale of which is usually used to finance budget expenditures. According to the American Ministry of Finance, Russia at the end of 2008, owned the securities in the amount of 116,4 billion dollars. Last year the figure rose to three and a half times.
In the first place in the ranking are China (727.4 billion dollars). Japan holds U.S. Treasury securities to 626 billion dollars. Third place is occupied by banking centers Caribbean (Bahamas, Bermuda, Cayman, Antilles and the Virgin Islands, and Panama). Their figure is much lower than the Japanese - "only" 197.5 billion dollars.
In the fourth place on the list were oil exporters, which include the USA, Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, UAE, Algeria, Gabon, Libya and Nigeria. Their total investment in the U.S. are estimated at 186.2 billion dollars.
Immediately after the oil exporters in the ranking followed by the UK (130.9 billion dollars), Brazil (127 billion) and Russia. Attachments other countries do not exceed the mark of a hundred billion dollars.
Along with data on investment securities U.S. Treasury and the Ministry of Finance has published the data on foreign investments in all types of securities in the country on 30 June 2008. Russia in this rating was at 17 place with a 160 billion dollars. Leadership in this category belongs to Japan (1.25 trillion dollars), while in second place - China (1.2 trillion dollars).
Recall that in a record U.S. budget deficit should be in the near future to issue additional government bonds to help finance the program budget.
Investments of Russia in the securities of the United States often is open to criticism. In particular, in 2008, found that Central Bank of Russia has invested more than a hundred billion dollars in bonds of mortgage agencies Fannie Mae, Freddie Mac and Federal Home Loan Banks. These companies have been among the most affected in terms of mortgage crisis in the U.S., with Fannie Mae and Freddie Mac were forced to leave the control of the government. As a result, by early 2009, the Central Bank sold all its bonds of these companies.
Monday, March 2, 2009
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