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Not really. You have seen what the US (under multiple administrations) does to countries that try to switch away from the dollar. Even China and Russia have iss
by ExoticPearTree 2y ago
Not really. You have seen what the US (under multiple administrations) does to countries that try to switch away from the dollar. Even China and Russia have issues trading in their own currencies with each other - to name the top two "enemies" of the US. What options do you think smaller countries have?
- roenxi 2y agoThe issues these countries have are largely self-imposed. For example, China's struggles with international trade have a lot to do with their capital controls. Small countries would probably have an easier time of it because they can just trade however they like without having to mollify their own bureaucrats. The traders will figure it out. The threat of US intervention is real, but I wouldn't be certain about whether it gets more or less pressing for smaller countries. The US probably won't even notice what they are doing if they keep quiet enough. Oil trading would be a different story though.
- wqaatwt 2y ago> Even China and Russia have issues trading in their own currencies with each other Because EU and US sanction Chinese banks and company that do that. What does that have to do with the exact currency? they’d have the same issue if they wanted to use dollars or euros (to answer your question € is the other option smaller countries have).