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This article frames it starting in 2001 for a reason. Go back to 1990 and you will see that the USD only made up about 45% of reserves. It can change quickly.
by IAmGraydon 4y ago
This article frames it starting in 2001 for a reason. Go back to 1990 and you will see that the USD only made up about 45% of reserves. It can change quickly.
- anonporridge 4y agoAnd it was 85% in the 70s. https://en.wikipedia.org/wiki/Reserve_currency https://en.wikipedia.org/wiki/Reserve_currency
- JumpCrisscross 4y agoReserves aren’t as useful a metric as they are in the age of Bretton-Woods.
- riffraff 4y agoAlso 2001 is the year euro got introduced. The article is trying to imply the USD lost weight compared to renminbi/won but that has been very very marginal.
- lodovic 4y agoIndeed, this seems more like a propaganda piece than actual research.