S!ayer on Nostr: because no one wants to hold their currencies in reserve. In fact, it's an ...

because no one wants to hold their currencies in reserve. In fact, it's an illustration of what I am talking about earlier, where certain FX has a premium, not solely based on hard assets, but intangible assets as well. Economic stability, economic outlook, electricity supply, etc. lots to factor in.

Hyperinflation and run-away debt obligations happen all the time. The USA would be in that same basket, however they are not because they print themselves out of a crisis every time. These other countries cannot do that, hence they get relegated. Japan is another one.