r/economy•
rl_pending

Wouldn't this be a perfect time to implement SDRs more widely.

As much as I don't want the dollar to fail, I do think it doesn't help anyone, not even Americans that the dollar is the international currency. I would imagine, if the opportunity arises China will push the Yuan with their CIPS platform, BRICS is considering the brics coin. I appreciate, as if yet the SDR has no trading platform easily adopted by commercial banking systems. But, a global currency that isn't nationally governed would benefit everyone. And, maybe, finally free America from being a military state. And, if SDR was incorporated, America would still be the strongest member... but, this is largely off the strength of the dollar.

Posted May 7, 2025, 2:29 PM UTC

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