It can't be just a number on a computer in a bank, right? Otherwise some Russian bank could just increase that number to whatever they like. And say "Look, we own 100 Trillion USD. Now let's go shopping.".
So I guess USD needs to be recognized by the US somehow?
Could the US simply "void" all USD that are owned by Russia?
It can't be just a number on a computer in a bank, right? Otherwise some Russian bank could just increase that number to whatever they like. And say "Look, we own 100 Trillion USD. Now let's go shopping.".
So I guess USD needs to be recognized by the US somehow?
Could the US simply "void" all USD that are owned by Russia?