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Official U.S. dollar currency held overseas estimated at about half, George Selgin notes

Official U.S. dollar currency held overseas estimated at about half, George Selgin notes
Half of U.S. dollar currency held overseas

George Selgin comments that around half of the official U.S. dollar currency supply is believed to be held overseas. He characterizes this figure as a standard but rough estimate, noting it is commonly cited despite being an approximation.

The statement highlights prevailing assumptions regarding the international distribution of U.S. dollar banknotes.

Selgin has previously analyzed historic U.S. financial data, including his view that comparing New Deal deficits to potential GDP offers clearer insight into their impact. He has also argued that wildcat banks did not cause the 1837 Panic, noting they appeared after the crisis began. His recent remarks on dollar banknote distribution continue his focus on clarifying economic narratives.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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