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A comment on China, UK and others' plan to replace the dollar as global reserve currency. Parent comment

Re:China, UK and others' plan to replace the dollar as globa... by papaf on Friday April 24, 2009 @08:08AM (#577345)
The USD is the global standard not because of some diabolical scheme by the US, but rather because it is liquid beyond liquid.

It also helps that oil is traded in US $ and that everybody needs oil. Not a diabolical scheme but I'm sure some talented people spent a lot of effort linking oil to US $.

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