to blame it on exchange rate moves puts the cart before the horse; the rate moves are themselves, of course, effects. The main cause - the article already states this - is the loss of trust in the actual -existence- of reserve when needed, as the US has blocked and frozen dollars in a weaponization of the reserve status. This, though, also on a larger backdrop of the slow and accelerating decline of the US. neocolonial finance empire, which is the cause behind the cause - the entire reason why the US is seeking conflict all around the world, to extend the "exorbitant privilege", as Giscard d'Estaing called it once, a few more years - a strategy that, as this graph shows, backfired spectacularly. Thank you for putting the archive link, by the way. Appreciate it!