Birdwatch Note Rating
2024-02-20 22:33:45 UTC - NOT_HELPFUL
Rated by Participant: AC2860FE6A5D7BB3ED21313055284952CC24C13C9051957569A6D612C6204E51
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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