Issuing bonds and “moving away” aren’t the same as becoming the world’s reserve currency.
People are getting confused.
It’s like saying because I shopped at Walmart last week, Walmart will become the sole supplier of everything I buy.
People are getting confused.
It’s like saying because I shopped at Walmart last week, Walmart will become the sole supplier of everything I buy.
Even a 10% decline in dollar usage is "moving away". Bit by bit, the rest of the world starts using alternatives. That's how the British pound went down from global reserve to 4% of reserves. It took 70 years for this gradual decline.
Tell me the missing piece.
Care to try again?