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30 sats \ 7 replies \ @grayruby 31 Oct \ on: The Daily Zap — Latest News and Updates alter_native
“ Notably, the share of the U.S. dollar as a global reserve currency has declined from 71.5% in 2000 to 58.2% in 2024, signalling a potential shift toward a more multipolar currency framework.”
I didn’t realize it had gotten this low.
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73 sats \ 4 replies \ @Coinsreporter OP 31 Oct
The funny thing though is that no currency from BRICS and group has increased against USD. INR has been falling, Yuan has been rather less falling. Ruble has been falling.
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40 sats \ 1 reply \ @gmd 28 Nov
Ruble value just fell off a cliff today 👀
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107 sats \ 0 replies \ @Coinsreporter OP 28 Nov
I saw it but didn't seek for the reasons thinking what might it be more than the currency reacting late to Trump's accession.
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20 sats \ 1 reply \ @grayruby 31 Oct
What are they settling trade in other than USD? Euro?
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40 sats \ 0 replies \ @Coinsreporter OP 31 Oct
That's the fun. Almost 90% of their trades are settled in USD and the agenda of recent BRICS meetings held it unanimously that they need a different currency for BRICS but I doubt they'd ever have it.
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40 sats \ 1 reply \ @Undisciplined 31 Oct
Dramatic decline. Dedollarization is proceeding rather swiftly.
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40 sats \ 0 replies \ @Coinsreporter OP 31 Oct
I'm doubtful about it. IMO Dollar will remain the king at least till mid century.
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