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Economy of Luxembourg


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Jong-Il's $4bn in secret accounts is in Luxembourg banks.

Agriculture is based on small, family-owned farms.

Luxembourg has especially close trade and financial ties to Belgium and the Netherlands (see Benelux), and as a member of the EU it enjoys the advantages of the open European market.

With $138 billion (February 2012), the country ranks tenth in the world in holdings of U.S. Treasury securities. The ranking is however imperfect as some foreign owners entrust the safekeeping of their securities to institutions that are neither in the United States nor in the owner's country of
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