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De-dollarization: Why countries are seeking alternate currencies
(news.cgtn.com)
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this post was submitted on 05 Aug 2023
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Don't hold your breath. Articles like these were all over in 2008 as well.
We're in 2023 not 2008, the world has changed.
As shitty as USD is, I'm excited to learn which viable alternative has emerged since 2008.
The U.S. dollar accounts for about 47% of total global reserves in 2022 (55% in 2021). A one-year decline of 8% is equivalent to 10 times the average annual rate of decline in dollar market share in previous years
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