shutosha on Nostr: Dollar acts as reserve currency cuz most countries has trade surplus with US .. and ...
Dollar acts as reserve currency cuz most countries has trade surplus with US .. and instead of converting their dollar surplus to their own currency , they save for yeild on T bills ..
I mean dollar is not an OFFICIAL reserve currency.. wherever countries have massive trade among each other , they retain each other currency as well ..
Why should US let this advantage go ?
Published at
2025-04-20 20:33:35Event JSON
{
"id": "ef894f73092533ad728ea8acd71affe24c7b5be719acfdd60966e2e697374563",
"pubkey": "5af0794606a15b5641e25aa23d04af4cb0d7d5e68b11cacb47e56a4698fca8c4",
"created_at": 1745181215,
"kind": 1,
"tags": [
[
"e",
"64f18d6ccafbd202806f8f4ccf0962e4f1cec62c00b5c7021863f967abcb4bcf",
"",
"root"
],
[
"p",
"b9e76546ba06456ed301d9e52bc49fa48e70a6bf2282be7a1ae72947612023dc"
]
],
"content": "Dollar acts as reserve currency cuz most countries has trade surplus with US .. and instead of converting their dollar surplus to their own currency , they save for yeild on T bills .. \n\nI mean dollar is not an OFFICIAL reserve currency.. wherever countries have massive trade among each other , they retain each other currency as well .. \n\nWhy should US let this advantage go ? ",
"sig": "58c1c05331a5451f8f3c0a0e83e6d0518363ecfc1314632f5f0b03ff5e7cf9c12fddcfa8f20d8cc0a171223f2a06a8dfdde8dd4db10c79ce65786b26312d4870"
}
