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Chief of Dutch Central Bank: US influence on payment systems is concerning, working on alternatives for Visa and Mastercard. (nos.nl)

submitted 4 months ago by Sunshine@lemmy.ca to c/buyeuropean@feddit.uk

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[-] skytrim@reddthat.com 2 points 4 months ago

I hope. Maybe Euro, maybe PRC's renminbi. We'll see.

I just wondered, give how US dollars is world's 'reserve currency' (since 1944 Bretton Woods pact), how its crash might affect the whole of global trade (it must hurt more than failure of a national currency like Zimbabwe's since it is a reserve currency and has a special role in the world). Will we get another reserve currency or has the world economy changed so much that we will get a new way of doing business with no reserve currency or multiple competing reserve currencies? I think we are in uncharted territory so its hard to predict...

this post was submitted on 21 Mar 2025

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