Birdwatch Note Rating
2024-02-20 23:46:31 UTC - HELPFUL
Rated by Participant: 2920AF5DA638A2224DF1EA53A222F7BEA7C563DB35135B7951BD2F4C38E6E813
Participant Details
Original Note:
It is not a voluntary decision but mostly due to the sanctions against Russian financial institutions and massively increasing dependence of the Russian economy on China. Still, the US dollar is accounting for over 50% of central bank Forex reserves and 90% of global trade. https://www.cfr.org/backgrounder/dollar-worlds-reserve-currency
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