2 ms·
Given that it’s the world reserve currency I don’t think there is anyone that doesn’t use USD at least indirectly. Eg usd denominated oil purchases
by Havoc 3y ago
Given that it’s the world reserve currency I don’t think there is anyone that doesn’t use USD at least indirectly. Eg usd denominated oil purchases
- eru 3y agoIf you just purchase some USD on the open market when you need them, and then immediately spend them, you don't really care about what happens to the long running price level of the USD.
- Havoc 3y agoIf you artificially narrow the circumstances like that sure. In practice that’s often not the case. Long term contracts, futures, FDI commitments, etc is all USD bound over time. Hell even the shtty VPS I bought from Eastern Europe is a recurring fixed USD per year so they’re carrying the US inflation effect as margin squeeze (and I fully expect them to renege on that at some point)