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Opinion
Stephen Mihm

Why Treasury Hides Its Saudi Investor

A legacy of the oil crisis raises new concerns.
Showing the money.

Showing the money.

Photographer: Hassan Ammar/AFP/Getty Images

Plunging oil prices and widening budget deficits have forced Saudi Arabia to look for new sources of revenue: The kingdom has dumped at least $100 billion of its foreign exchange reserves and is even considering selling part of the government-owned oil company Saudi Aramco.

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