gold, page-120964

Why do countries, as part of their foreign reserves, need to hold such a high proportion of USD?

Can, for example, New Zealand purchase oil from Saudi Arabia priced in and paid for directly with the SA Riyal?

Can, Britain buy coffee from Brazil or Costa Rica - priced in and paid for directly in their local currencies?

What effects does the above have on inflation?

Where (& why!) is there a need for the USD (& hence the US) be involved with a transaction between two independent parties?

If countries no longer have to pay for these commodities (priced in USD), then why the need to hold so much of the shite as part of their foreign reserves?

Wouldn't they be better holding large amounts of the currency they were going to trade with?

How stable do you think the USD is .... and will continue to be?

Why has the SWIFT system been so powerful for the US? (Just ask Russia how powerful SWIFT is).

The biggest question Kimu...What happens to inflation in the US if all the offshore USD's start flooding back to the US mainland because countries don't need the shite any more....??????

Still don't think the US weaponises the USD??