There's always been a reserve currency in some form. Going back a few thousand years. Before the US it was Britain. Spain, Portugal, Italy, Holland, etc. all had their turn. Rome and other empires had theirs.
There's a convenience in international trade plus the benefits to the issuing country. Mostly. For a time.
Coming up may be a BRICS basket form. May be more stable long term. Or not, depending on who decides to be king of the hill in the next competition of nations.
That's how I understand it. Not much more.
petra /
npub10k…qa79e
2024-06-06 00:24:52
in reply to nevent1q…uv4x
Author Public Key
npub10k0c3lc3wzuac53g08kcst9e6k967e7q7h5qq4709jzxrx8zj8ys6qa79ePublished at
2024-06-06 00:24:52Event JSON
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