Re:De-Dollarization Facts
by Simulacra on Saturday June 17, 2023 @08:26PM
(#36376143)
THANK YOU! That is much more easier to wrap my head around. Did banks rush into the Euro and it later evened out?
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Re:De-Dollarization Facts
by TradingPlaces on Monday June 26, 2023 @08:50AM
(#36479067)
My read is that everyone is just looking to spread out risk more. At first this was the Euro, but then the 2014-5 crisis sort of killed that. Now it’s a wider range of currencies including Chinese, Japanese, Canadian and Aussie. The Chinese reserves are all in emerging market countries.