mardi 24 mars
With the US monetary base expanding at a breathtaking pace and nations around the world worrying about the value of their US holdings, the dollar looks virtually guaranteed to lose its status as the international reserve currency. This begs the question : how big a deal is the loss of the dollar’s reserve status ?
To answer this question, lets first calculate just how large are the dollar holdings of foreign governments. From the CIA’s world Factbook, below is a ranking of countries by reserves of foreign exchange.
1 China $1,534
2 Japan $954
3 Russia $476
4 India $275
5 Taiwan $275
6 Korea, South $262
7 Brazil $180
8 Singapore $163
9 Hong Kong $153
10 Germany $136
11 France $116
(...)
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