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So back in the 00s Iraq tried to use Euros then got invaded and then reverted to USD. A couple of other near-pariah states (Iran and Libya) have offered to acce
by smcl 5y ago
So back in the 00s Iraq tried to use Euros then got invaded and then reverted to USD. A couple of other near-pariah states (Iran and Libya) have offered to accept Gold and/or Euro but it hasn’t taken off. It’s interesting right enough and should maybe considered a warning to anyone who does think about shifting away from USD, but I’m still curious if there’s even a small amount of consideration given to alternatives today