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10 sats \ 2 replies \ @kingzing131 21 Apr \ parent \ on: Russia's Economy Thrives Despite Sanctions and SWIFT Removal econ
I wonder to what extent. Bitcoin stuff aside, the world didn't just throw a dart and picked UST as the safest liquid asset.
USD continues to be the dominant money and we literally had dollar shortage globally last year or two.
With so much international global money money running on USD, I am honestly doubting any organisation can just force it's way through adopting another one.
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42 sats \ 1 reply \ @Bell_curve 21 Apr
Oil is priced in dollars but that can change to euro 💶 or CNY/RMB or something else
Brazil 🇧🇷 Russia 🇷🇺 and China 🇨🇳 are large producers of oil. Their oil advantage is main reason why western sanctions have failed
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16 sats \ 0 replies \ @TomK OP 21 Apr
Never going to change to Euro
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