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Dollar Dominance: Russia, China Set to Develop New Reserve Currency (markets.businessinsider.com)

posted 2 years ago by Corporis 2 years ago by Corporis +13 / -2

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– the-new-style 0 points 2 years ago +1 / -1

The IMF wants to shift to their Digital Currency known as Special Drawing Rights rather than lend Dollars and thus put another nail in the USD as a reserve currency - that has huge implications for US power as the reserve currency status is what enabled US imports to be cheaper.

Jerome Powel spoke at the IMFs committee on CBDC in October 2020

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