Birdwatch Note Rating
2024-02-20 23:22:24 UTC - HELPFUL
Rated by Participant: EB12A6893BEC7587F9730EB4EA71DE5554EA68D5BA0E1950D3C9B4D8A4CD9845
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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