Birdwatch Note Rating
2024-02-20 22:24:22 UTC - HELPFUL
Rated by Participant: BAE48770475CD853E067784CA6B61E75707096D6C9CBBE8C1BA6B56DAEB46491
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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