Birdwatch Note Rating
2024-02-20 23:23:42 UTC - HELPFUL
Rated by Participant: D8D1D1F65D5F326BA9AB167918AEE004A5C1D7F564F0F6A022F9FB16FB4212C8
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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