Why Did U.S. SDR Holdings Increase Five Fold In The Last Week Of August?
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Why Did U.S. SDR Holdings Increase Five Fold In The Last Week Of August?
By Tyler Durden
With everyone lately focused on China’s foreign reserve position, analysts have forgotten that America also has an International Reserve account consisting of foreign currency positions, as well as gold reserves and equivalents. And while the total combined holdings as of the most recently reported period are a joke compared to China’s $2+ trillion, the most recent number of $133.6 billion does raise red flags, particularly when one traces this number’s level throughout the year.
The big question mark at the end of August is when the U.S. International Reserve Position increased by almost 50%. The reason for this: a near quintupling of S.D.R. holdings on the U.S. balance sheet in the span of one week – from August 21 to August 28.
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