> The USD will be lucky to still be the reserve currency in 5-10 years time.
if the US regime carries on at the rate it has over the last month I expect it will be gone considerably faster than this
Practically speaking I think it requires a lot of will, momentum, and process to change this. The decision even if made soon would probably take a few years to complete.
Supplementing it may be faster (eg. adding Euro and/or Yuan) than outright replacing it, but it’s not my area of expertise. The timeframe was based on some light research.
something to remember is that a good chunk of the "dollar" reserve is in reality eurodollars
the backing of which could be switched very quickly indeed
Re:US Ends Support For Ukrainian F-16s
by disgruntledphd2 on Sunday March 09, 2025 @12:32PM
(#43310727)
This stuff moves slowly, until it doesn't. I'd honestly say at least ten years for large changes.
Pulling the cord with such little respect will not be forgotten. The USD will be lucky to still be the reserve currency in 5-10 years time. The rest of the world is likely to sanction the US at this rate. It is violating all of its agreements in bad faith.