3 ms·
The Yen is not the world reserve currency and does not have the status of the petrodollar.
by nightski 5y ago
The Yen is not the world reserve currency and does not have the status of the petrodollar.
- arcticbull 5y ago... which would give printing more Yen outsize impact. There's demand for new US dollars all over the world. There's far less demand for the Yen. The Yen, for what it's worth, is the preferred Asian reserve currency. And the 'petrodollar' is a consequence of US power, it doesn't give the US power.
- criddell 5y agoWhy do some see using the Euro or other money for oil as a threat to the value of the US dollar?