3 ms·

But then the next question is why aren't those used as settlements mechanism?

• kasey_junk 1y ago
  They are? The issue here is simply that the country thinks there is an imbalance. They can request a in country transfer and do, but in this case it’s not enough.
• AnimalMuppet 1y ago
  Because international settlement is huge - something like a trillion dollars a day. (Or maybe that's just currency exchange, which might contain speculation in addition to settlement? Or is that a false distinction?) Anyway, moving that much gold would be slow, inconvenient, and a significant risk.