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![President Barack Obama speaks about the economy, jobs, and manufacturing at North Carolina State University, Wednesday, Jan. 15, 2014, in Raleigh, N.C. [AP]](http://thebricspost.com/wp-content/uploads/2014/02/obama-china.jpg)
President Barack Obama speaks about the economy, jobs, and manufacturing at North Carolina State University, Wednesday, Jan. 15, 2014, in Raleigh, N.C. [AP]
India has been slowly raising its holding of US Treasury bills — since September when the same was worth $56.8 billion.
China, the largest holder of such securities, cut its exposure to $1.27 trillion from $1.32 trillion in November 2013. Brazil also slashed its holding to $245.4 billion in December from $246.9 billion recorded in preceding month. Besides, Russia cut its exposure to $138.6 billion while South Africa’s holding was marginally down to $11.3 billion.
According to latest data from the US Treasury Department, the BRICS remain among the biggest holders of US government securities.
In November last, BRICS held US securities to the tune of $139.9 billion and $11.7 billion, respectively.
Both Democrats and Republicans have raised concerns in the past about the risks of China and other countries holding a large proportion of US Treasury debt.
Latest data from the US Treasury Department show that India’s holding rose to $68.5 billion in December last year from $63.9 billion in November.
The holding stood at $59.9 billion in October 2013.
Japan continues to be the second largest holder of American treasury bills with holdings worth $1.182 trillion in December last. It also slightly trimmed exposure from $1.186 trillion seen in November 2013.
Source: Agencies
