News for hackers. Stuff that matters.

A comment on Ghana plans to buy oil with gold instead of dollars. Parent comment

Re:Ghana plans to buy oil with gold instead of dollars by miguelazo on Friday November 25, 2022 @01:12PM (#33745175)
People outside the US loved it. Recent moves by Japan, Switzerland and some others in the (quickly-losing-liquidity) Treasury Market suggest that era is coming to a close.
[ Parent | on HN ]
Re:Ghana plans to buy oil with gold instead of dollars by ghostwriter on Friday November 25, 2022 @04:58PM (#33747283)
> People outside the US loved it.

Correction: foreign central banks guided by IMF subsidiaries loved it dearly, people - not that much, perhaps the opposite [1]

[1] https://youtu.be/p5Ac7ap_MAY?t=1769

[ Parent | on HN ]
Re:Ghana plans to buy oil with gold instead of dollars by kobalsky on Friday November 25, 2022 @05:54PM (#33747779)
no one with savings in USD is glad that it inflated, but the reality is that other easily accesible currencies bit the dust harder.
[ Parent | on HN ]