59% of global reserves is USD which is down from 71% in 1999.
The West isn’t going to stop using it but given the precariousness of the US/Western economies, a sharp 10-20% reduction by BRICS+ could be catastrophic. Who knows what sovereign would default then, or what the knock-ons would be?
GBP was replaced by USD pegged to Gold. Different scenario to the petrodollar losing its quasi default status, particularly if a commodity-backed currency emerges to compete with USD.
it will 39%< in few yrs DXY dance watch
oil energy pricing in CNY INR BRL direct already many yrs
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That’s what the trends indicate. Somehow I doubt we’ll see that on a graph from the IMF though 😂
we all like woo - all ur views/opinions alike or not is valuable - fellows here did u notice fast un- suppressed replies this thread pops up as compared bluebird? big difference i feel
