According to a report by the Atlantic Council, "In recent years, and especially since Russia's invasion of Ukraine and the Group of Seven (G7)'s subsequent escalation in the use of financial sanctions, some countries have been signaling their intention to diversify away from dollars." "The status of the U.S. dollar as the dominant global reserve currency has helped the U.S. fund its twin deficits and thereby has enabled them: the huge fiscal deficit every year and the massive trade deficit every year. “ The survey measured the value of foreign holdings of U.S. securities as of June 30, 2024, to be $31,288 billion, with $16,988 billion held in U.S. equities, $12,982 billion held in U.S. long-term debt securities [1] (of which $1,635 billion are holdings of asset-backed securities (ABS) [2] and $11,347 billion are holdings of non-ABS securities), and $1,319 billion held in U.S. short-term debt securities.
Author: Enter Stage Right
Published at: 2025-07-29 22:10:54
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