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non-diegetic screams@lemmygrad.ml to World News@lemmygrad.ml · 2 years ago

De-dollarization: Why countries are seeking alternate currencies

news.cgtn.com

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De-dollarization: Why countries are seeking alternate currencies

news.cgtn.com

non-diegetic screams@lemmygrad.ml to World News@lemmygrad.ml · 2 years ago
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In the coming days, many countries will embrace this shifting currency paradigm, leading to de-dollarization, which will redefine the global economy and trade.
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  • vettnerk@lemmy.ml
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    2 years ago

    Don’t hold your breath. Articles like these were all over in 2008 as well.

    • 小莱卡@lemmygrad.ml
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      2 years ago

      We’re in 2023 not 2008, the world has changed.

      • non-diegetic screams@lemmygrad.mlOP
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        2 years ago

        Also the U$ never recovered from 2008 lol

      • vettnerk@lemmy.ml
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        2 years ago

        As shitty as USD is, I’m excited to learn which viable alternative has emerged since 2008.

        • Iknt@lemmygrad.ml
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          2 years ago

          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

          BRICS: 10 Asian Countries Agree to Ditch The U.S. Dollar

          The rise of national currencies against dollar hegemony

          Yuan exceeds dollar in China’s bilateral trade for first time

    • ihaveibs@lemmygrad.ml
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      2 years ago

      Yes, ignore all the evidence that de-dollarization is happening! Its just like 2008, and as we all know the economy has done really well since then and life in America is swell!

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