The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

China Dumps $74,000,000,000 in US Treasuries in One Year As Two BRICS Nations Say They’ve Abandoned Dollar in Mutual Trade

by Alex Richardson
April 26, 2024
in Financeflux

China has sold more than $74 billion in US Treasuries in the last year, according to new numbers from the Treasury Department.

China has decreased its Treasuries holdings from $849 billion to $775 billion between the beginning of Q2 2023 and Q2 2024, reaching its lowest holdings since 2009.

Other countries let go of small amounts of Treasuries holdings over the last quarter, with India selling $1.4 billion, Brazil unloading $1.2 billion, and Saudi Arabia shedding $0.3 billion.

The new data come as Russia’s Foreign Minister Sergei Lavrov says Russia and China have almost completely stopped using the dollar in their mutual trade.

According to Lavrov, more than 90% of settlements between the countries are now carried out in their own national currencies, with their economic cooperation accelerating “despite persistent attempts by Western countries to prevent this,” as per Bloomberg.

Lavrov said last year that CIS (Commonwealth of Independent States), or countries formerly part of the Soviet Union, have grown their trade flows by a sizeable chunk without complying with the US’ demands.

“We are starting to see a flight from the dollar. So far, it is not all that swift, but it is sure to accelerate. In fact, this trend is irreversible. The US has already, for real, sawed off the tree limb that it was perched on, managing global financial flows and the world economy as a whole by leveraging the dollar’s dominant role…

Despite the threats that our partners have received from the US and the European Union not to cooperate with the Russian Federation and the Republic of Belarus under pain of so-called secondary sanctions and other penalties, trade flows across the CIS are growing. [Trade] edged up by more than six percent last year, amounting to over $100 billion.”

Lavrov, who was appointed by Russian president Vladimir Putin in 2004, says that CIS countries are already working toward further agreements that will “give an impetus for further expansion of economic interaction.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • Aster Launches 24/7 Stock Perpetual Contracts Trading with Exposure to U.S. Equities
    July 16, 2025
  • The Sandbox Launches Largest LAND Sale to Date on GBM Auctions
    July 16, 2025
  • Vision (VSN) has arrived: the new standard for user-centric token ecosystems
    July 16, 2025
  • Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin
    July 16, 2025
  • MultiBank Group Announces Seven Million MBG Tokens Sold Out in Under One Hour During Initial Pre-Sale
    July 15, 2025
  • Allnodes Among First To Launch Bare Metal Servers Powered by AMD Threadripper 9000 Series
    July 15, 2025
  • Swarm Network Selects Walrus To Power Verifiable AI on Rollup.News
    July 15, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$118,647.79
$118,647.79
0.41%
Ethereum
$3,194.71
$3,194.71
4.65%
BNB
$692.50
$692.50
0.94%
Solana
$166.89
$166.89
3.4%
XRP
$2.98
$2.98
2.29%

Spotlight

  • Bitcoin Setup Suggests Explosive Rally Incoming, According to Analyst Who Called 2021 Crypto Top
    July 9, 2025
  • Goldman Sachs Abruptly Raises Targets for S&P 500, Predicts Fed Cutting Rates Earlier Than Expected: Report
    July 9, 2025
  • Investor Tom Lee Says Bitcoin Adoption Still in ‘Earliest Days,’ Predicts US Banks Will Soon Hold BTC As Collateral
    July 9, 2025
  • Bitwise CIO Reveals 4,000x Prediction, Says Ethereum, XRP, Solana and Others Will Be Impacted From One Booming Trend
    July 9, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl