Urethra really interesting video that explains how the BRICS countries have been trying to find a way around the dominance of the US dollar in world trade and SWIFT banking system. This comes at a time when European countries are considering dropping their US dollar reserves and using the Euro for international trade following the heightened tensions with the Trump administration.
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Here is a list of the 20 countries worldwide holding the most U.S Treasury Securities at the moment.
Note that China has been selling a lot of its U. S. Treasury bonds over the last 12 years. At its peak in November 2013 China held $1,316.7 billion. It has sold off half of it to reduce exposure to the US dollar and avoid potential sanctions like Russia and Iran.
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Here is a list of the 20 countries worldwide holding the most U.S Treasury Securities at the moment.
| Rank | Country | Holdings ($ Billion) | % of Total |
|---|---|---|---|
| 1 | Japan | 1,202.6 | 12.86% |
| 2 | United Kingdom | 888.5 | 9.50% |
| 3 | China | 682.6 | 7.30% |
| 4 | Belgium | 481.0 | 5.14% |
| 5 | Canada | 472.2 | 5.05% |
| 6 | Luxembourg | 425.6 | 4.55% |
| 7 | Cayman Islands | 420.0 | 4.49% |
| 8 | France | 376.1 | 4.02% |
| 9 | Ireland | 340.0 | 3.64% |
| 10 | Switzerland | 311.0 | 3.33% |
| 11 | Taiwan | 299.0 | 3.20% |
| 12 | South Korea | 250.0 | 2.67% |
| 13 | Singapore | 248.0 | 2.65% |
| 14 | Hong Kong | 247.0 | 2.64% |
| 15 | Norway | 215.0 | 2.30% |
| 16 | Brazil | 212.0 | 2.27% |
| 17 | India | 186.5 | 1.99% |
| 18 | Saudi Arabia | 148.8 | 1.59% |
| 19 | Germany | 109.8 | 1.17% |
| 20 | Netherlands | 84.0 | 0.90% |
Note that China has been selling a lot of its U. S. Treasury bonds over the last 12 years. At its peak in November 2013 China held $1,316.7 billion. It has sold off half of it to reduce exposure to the US dollar and avoid potential sanctions like Russia and Iran.
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The reason is that a few countries' central banks have been buying gold massively to protect against potential US sanctions and planning for system in which the US dollar is no longer the international currency of trade. These countries include China, India, Turkey, Russia and even Poland. This video explains it all very well.