Timely Topics
Timely Topics
St. Louis Fed
How Much U.S. Currency Is Held Abroad and Why
11 minutes Posted Dec 6, 2024 at 3:39 pm.
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Show notes

What happens if U.S. dollars are spent overseas and stay there? Senior economic policy advisor Christopher Neely analyzes how much U.S. currency is held abroad and if that's a problem or an advantage for the U.S. Neely discusses the level of U.S. banknotes kept overseas and explains why those dollars can act as an interest-free loan.