Submitted by aresyves t3_127xmbp in explainlikeimfive
pk10534 t1_jegyb8v wrote
Reply to comment by LouSanous in ELI5: why does the US need the dollar to be the only primary form of currency for oil? by aresyves
The USD is not losing its status as the world’s reserve currency anytime soon, especially not to China.
LouSanous t1_jegyxs1 wrote
Nobody said it is, but it is declining and there is an effort to dedollarize.
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