Interesting the pressure is increasing.
More and more countries questioning why they need to base their foreign transaction on the US Dollar.
Could this mounting unrest be as a result of the seeming inability of the US Federal bank in checking inflation of the US Dollar.
Also, some of these Nations can no longer determine what benefit it is to them is using the US Dollar as their reserve currency and trading currency.
Some nations might have alternative properties/currencies that would favour their external trade but yet they are stock with the Dollar and must defer to the US in all that concerns it.
I would really love someone more knowledgeable to make a prediction as to where all these could be going.
Do you see a country like Saudi going off the USD?
Do you think the West-African countries relying on CFA will turn away from that any time soon?
Is there a case to be made why these nations should maintain the status quo?
Also, some of these Nations can no longer determine what benefit it is to them is using the US Dollar as their reserve currency and trading currency. Some nations might have alternative properties/currencies that would favour their external trade but yet they are stock with the Dollar and must defer to the US in all that concerns it.
I would really love someone more knowledgeable to make a prediction as to where all these could be going.
Do you see a country like Saudi going off the USD? Do you think the West-African countries relying on CFA will turn away from that any time soon? Is there a case to be made why these nations should maintain the status quo?