Corinne Nita
May 13, 2023

Oh, Lester. Did you bother clicking on the links to the IMF report? The USD as the reserve currency won’t disappear overnight, but de-dollarization is accelerating. You must do your research and pay attention.

I’ll suffer as much as anyone, but I understand why nations diversify their holdings. Wouldn’t you prefer to use a local currency if you were Brazil trading with Argentina?

Is Saudi Arabia still solely selling and accepting the USD for oil? I wonder why the price of gold is rising.

Here’s a link, but you can do your research independently.

https://www.reuters.com/markets/currencies/chinas-small-steps-offshore-use-yuan-are-starting-add-up-2023-04-27/

Corinne Nita
Corinne Nita

Written by Corinne Nita

We need the social with the science to call it economics.

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