BRICS countries sell off huge US treasury bonds: $47 billion gone!
BRICS countries are massively reducing US Treasury bonds by $47 billion. Background and implications for the dollar and trade.

BRICS countries sell off huge US treasury bonds: $47 billion gone!
On October 31, 2025, several media outlets reported a significant decline in U.S. Treasury securities held by three key BRICS nations: China, Brazil and India. In one month, these countries collectively withdrew $47 billion from U.S. Treasury securities, showing an alarming trend in global financial policy.
China reduced its holdings of U.S. Treasury bonds by $25.7 billion, from $756.4 billion in June to $730.7 billion in July. Brazil, also active in this decline, reduced its holdings from $215.3 billion to $210.7 billion, a loss of $13.6 billion. India sold $7.7 billion in U.S. Treasury bonds, reducing its holdings to $219.7 billion in July from $227.4 billion in June.
Overall overview of sales
These sales come amid expanded efforts by China and Russia to circumvent the U.S. dollar in international trade. According to the reports, these reductions represent part of a strategic move aimed at reducing the dollar's dominance.
The People's Bank of China (PBC) announced that its Cross-Border Interbank Payment System (CIPS) connects over 1,700 institutions in 189 countries and processed transactions worth 175 trillion yuan (equivalent to about $24.55 trillion) last year. This indicates growing confidence and increased use of national currencies in international trade.
Russia's progress
Additionally, Russian media reports that Russia now conducts 90% to 95% of its trade with India and China in national currencies. Deputy Prime Minister Alexander Novak has emphasized that this settlement in national currencies does not hinder trade, which further supports the trend to move away from US dollar transactions.
These developments raise questions about the future stability of the US dollar and the influence of the BRICS countries on the international financial landscape. Efforts to shun the dollar could not only intensify economic ties between BRICS countries, but also potentially destabilize global markets.
The consequences of these strategic financial dispositions require closer monitoring of global markets and U.S. responses to better assess the impact on the global economy.
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