this post was submitted on 02 Oct 2023
-7 points (45.7% liked)
World News
32315 readers
1045 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They're ditching the USD's role as the global reserve currency. Any reduction in reliance on the USD directly impacts the USD's role as a reserve currency.
You don't have to go "I'm never touching the USD again" to ditch it in it's key use case.