3 ms·
it doesn't mean 9% adoption though. I bet a large part of these 9% are still using $, maybe even exclusively.
by audessuscest 5y ago
it doesn't mean 9% adoption though. I bet a large part of these 9% are still using $, maybe even exclusively.
- xiphias2 5y agoSure, and it's fine. The optionality of getting rid of the USD which totally failed and destroyed latin american countries is in itself a great thing. IMF was an asshole with El Salvador during the pandemic, and it was not the first time.
- el-salvador 5y agoI've seen more countries in Latin America destroyed by their own countries devaluing countries than by the USD. IMF loaned the El Salvador government 389 million during the pandemic https://www.imf.org/en/News/Articles/2020/04/14/pr20155-el-salvador-imf-executive-board-approves-a-us-389-million-disbursement-to-address-covid-19 https://www.imf.org/en/News/Articles/2020/04/14/pr20155-el-s...
- xiphias2 5y agoWhy loan? US printed trillions of dollars and put into its own markets and helped its own people, but didn’t think at all of giving checks to other countries that use the USD. Sure, other currencies have problems as well, that’s why it’s probably better to use the dominant open standard that has already shown that it can’t be easily inflated…it just makes sense.