The state of things is the US dollar is still king. We export our inflation because the US dollar is the world reserve currency. Yes there are other states that would be interested in de-dollarizing, but what’s the alternative? Flying planes of gold around the world like Russia?
This unlikely to change in the near future, because there are few other currencies large enough to fill the role and there are exactly zero other countries with anywhere near the military power to maintain reserve currency status.
The state of things is the US dollar is still king. We export our inflation because the US dollar is the world reserve currency. Yes there are other states that would be interested in de-dollarizing, but what’s the alternative? Flying planes of gold around the world like Russia?
This unlikely to change in the near future, because there are few other currencies large enough to fill the role and there are exactly zero other countries with anywhere near the military power to maintain reserve currency status.