Could the U.S. Federal Reserve cancel the U.S. dollars held in foreign country's reserves?

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The Politicus
Aug 01, 2021 09:45 PM 0 Answers
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Say the U.S. wanted to punish or disable some foreign power that had lots of U.S. dollar reserves. Don't those foreign power reserves sit on a ledger (or a Federal Reserve chartered bank's ledger) somewhere that the U.S. Federal Reserve could just set to zero or otherwise seize?

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  • August 1, 2021