How Much U.S. Currency Is Held Abroad and Why

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.

Om Podcasten

In the Timely Topics podcast series, economists and other Federal Reserve Bank of St. Louis experts talk about their research and current topics in the news. (Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.)