499
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 May 2025
499 points (99.4% liked)
World News
1092 readers
508 users here now
Rules:
- Be a decent person
- No spam
- Add the byline, or write a line or two in the body about the article.
Other communities of interest:
founded 7 months ago
MODERATORS
There is a theory that the USD as global currency is at risk of being replaced due to BRICS. Often the RMB is posited as the successor to the dollar, but I don't think it is possible to use a currency that is not openly traded, nor for which we have insight into how its value is set (not derived by the market, but set by the country itself) as a vehicle for secure, stable exchange of value.
Of course, the current administration is doing a good job of running the USD down, but even with that I don't see how any other currency can replace it for the foreseeable future...
Full disclosure, I am not an economist