Fair Weather Friends: Israel Reduces US Dollar Holdings

RELATED UPDATE (April 28): The Biden Administration has requested $33 billion more for Ukraine.

Israel decided now is a good time to cut US Dollar holdings to make room for the Chinese yuan, Japanese yen, as well as the Canadian and Australian dollars.


  • US Dollar: 66.5% to 61%
  • Euro: $30.8% to 20%
  • Pound: $2.7% to 5%


  • Yen: 5%
  • Canadian Dollar: 3.5%
  • Australian Dollar: 3.5%
  • Yuan: 2%

Israel has not joined the sanctions effort against Russia, most likely because Russia allows the Israeli Air Force to target Iranian convoys crossing Syria to deliver weapons and ammunition to Hezbollah in the south of Lebanon.

“It is so important for us that Russia turns a blind eye to what we have been doing in Syria, acting against the transfer of weapons, the entrenchment of the Iranians.”

Orna Mizrahi, former Israel deputy national security adviser

Also, Israel might need to save cash for investing in new spy technology, now that the world is catching on to the Israeli-government linked NSO Group’s Pegasus spyware. Plus their chief blackmailer was hung from a doorknob.

Graphic sources:

Aid to Ukraine since Russian invasion

Stats: U.S. Agency for Foreign Development

Tracking NSO Group’s Pegasus Spyware