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Personal Finance Topics / Macroeconomic Trends and Risks
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Author: OrmontUS 🐝  😊 😞
Number: of 1024 
Subject: Re: Intro to SCO and Iran joining
Date: 07/29/2023 11:43 PM
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There is currently a move amongst these countries to use each other's currencies for trade rather than the USD. China is a leading player in this process and one of the results will be the requirement of these countries to keep Chinese RMB reserves and thereby less of a need for USD reserves. There will be macroeconomic consequences when USD are sold (or simply not replaced as bonds mature).

Jeff
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