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The main drivers of the chosen reserve currency were the oil producing countries using it. Now that Yuan entered the scene, things changed.
by unity1001 4y ago
The main drivers of the chosen reserve currency were the oil producing countries using it. Now that Yuan entered the scene, things changed.
- daemoens 4y agoOil has almost nothing to do with reserve currency status. They use dollars because it is the reserve currency, not the other way around.