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004615ce... 2y ago

No currency that has lost more ground in global trade than the euro.

In just over two years the euro has fallen from 39.5% of global payments outside the euro-zone to just 13.6%.

#europe #reservecurrency

https://tomluongo.me/2023/09/01/brics-summit-proves-geography-trumps-currency/

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FourOh-LLC 2y ago

This is way over my head. What's the "conclusion"?

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004615ce... 2y ago

People are worried about USA losing reserve currency status due to overspending and debt. But what has gone unnoticed is quickly the Euro has lost its position in global trade. Shows how quickly it can happen.

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Finrod Felagund 2y ago

The conclusion is that eurobros may be more screwed than other fiatbros.