The distribution between the major foreign holders is shown in the following graph (total USD 5.5 trillion):
- financial centers
- strong export nations
- participant in competitive quantitative easing and currency devaluation
When looking at the change for the first three quarters in 2012 against the absolute value the following picture emerges (Asian countries in green and Latin American countries in yellow).
The increase of Switzerland and Japan are notable while China and the Oil Exporters remained at a stable level.
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