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BRIC’s Dollar Assets

By experts and staff

Published
  • Benn SteilCFR Expert
    Senior Fellow and Director of International Economics
  • Dinah Walker
    Analyst, Geoeconomics
bricfx3

Brazil, Russia, India, and China have increased their holdings of foreign exchange reserves significantly over the last decade. But China stands out when it comes to financing the United States. China’s holdings of U.S. financial assets have increased dramatically since 2000. Brazil and Russia have also significantly increased their holdings of U.S. financial assets, but their aggregate increase is still small relative to that of China’s.

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