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Practically speaking I think it requires a lot of will, momentum, and process to change this. The decision even if made soon would probably take a few years to
by lucasyvas 2y ago
Practically speaking I think it requires a lot of will, momentum, and process to change this. The decision even if made soon would probably take a few years to complete.
Supplementing it may be faster (eg. adding Euro and/or Yuan) than outright replacing it, but it’s not my area of expertise. The timeframe was based on some light research.
- blibble 2y agosomething to remember is that a good chunk of the "dollar" reserve is in reality eurodollars the backing of which could be switched very quickly indeed