3 ms·
>- Many countries are starting to diversify they foreign exchange reserve away from the USD, incorporating Yuans, Euros, and - yes - rubles (which can be used t
by TMWNN 3y ago
>- Many countries are starting to diversify they foreign exchange reserve away from the USD, incorporating Yuans, Euros, and - yes - rubles (which can be used to purchase all kinds of useful raw materials from Russia, the largest landmass country on earth)
At 58.4%, the US dollar's share of global currency reserves is comparable to that in 1995 and 1985. It has declined from its 21st-century high, but so has the Euro. The renminbi has more than doubled ... from 1.1 to 2.7%.<https://en.wikipedia.org/wiki/Reserve_currency#Global_currency_reserves https://en.wikipedia.org/wiki/Reserve_currency#Global_curren...>