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Presumably for the USD to lose reserve currency status some other currency would have to become more attractive as a long term bet? Are there any obvious candid

• mmm_grayons 6y ago
  Red China and her policies of debt-trap diplomacy are making increased use of her currency more attractive.
• JumpCrisscross 6y ago
  > for the USD to lose reserve currency status some other currency would have to become more attractive as a long term bet? Not necessarily. Reserve currencies facilitate international trade and finance, things which may not exist in their present form without the United States. There is no rule saying the world must have one. Everyone could wind up owning their trading partners’ currencies. We could revert to a commodity standard. Or free trading zones could emerge with synthetic currencies.
• beisner 6y ago
  The Chinese Yuan is on its way to supplanting the US Dollar as a reserve currency in some regions, particularly Africa. https://qz.com/africa/1291372/chinas-yuan-gets-support-from-africa-central-banks-to-replace-us-dollar-reserve/ https://qz.com/africa/1291372/chinas-yuan-gets-support-from-...
  • frockington1 6y ago
    Does the US, or any nation really, care what Reserve Zimbabwe uses? Not trying to be flippant, I'm just not sure that these nations matter at all on the world stage
    • doggosphere 6y ago
      "Five hundred dollars? Fully subsidized? With a plan? I said that is the most expensive phone in the world. And it doesn't appeal to business customers because it doesn't have a keyboard. Which makes it not a very good email machine." - Ballmer on the iPhone In the early days its easy to be unimpressed and rightfully so, but its certainly a signal of potential change in the order of things.