BRICS Countries Dump US Treasuries: $18.9 Billion Offloaded - Is This the End of the Dollar\'s Dominance?
Recent data from the U.S. Treasury Department reveals a significant shift in global economic power dynamics. Key BRICS members India, Brazil, and China are consistently dumping the US treasuries by offloading billions worth of government bonds. But is this a coordinated effort to weaken the dollar, or simply a diversification strategy?
BRICS Nations Selling US Debt: A Closer Look
The trio are looking to keep...well, control is a strong motivation for such behavior. The numbers don\'t lie: along with the United Arab Emirates, these countries have collectively offloaded a staggering $18.9 billion in U.S. Treasury holdings recently. While JOHANNESBURG - BRICS member States are not actively dumping billions of Dollars worth of United States (US) treasuries, as a means of weakening the strong US, the recent movement suggests otherwise.
China Leads the Way in US Treasury Sell-Off
Of the BRICS nations, China\'s activity has been particularly noteworthy. BRICS member China is the highest, as it offloaded a substantial amount. Looking ahead, In 2025, BRICS offloaded $122.7 billion in U.S. Treasury bonds and is staying away from the government’s debt.
What Does This Mean for the US Economy?
This gradual reduction in US Treasury holdings by BRICS nations raises important questions about the future of the dollar\'s global dominance and the US economy. Is this a trend that will continue, and what are the potential consequences? Stay tuned for more updates and analysis on this developing story.