zlacker

>We rely on being the world’s reserve currency,

"Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales"

https://www.indiatoday.in/business/story/saudi-arabia-ends-8...

"No empire lasts forever, no dynasty continues unbroken"

edit:

Since the U.S.'s war on terrorism, the U.S. has said that every trade done in dollars is de facto done on U.S. soil and thus subject to U.S. laws. I'm surprised that more countries have not tried to cut ties with the U.S. dollar.

>>MangoC+(OP)
The petrodollar era ended between the 90s and 2000s. The Saudis switching from swapping U.S. dollars for oil to swapping yuan for dollar-pegged Saudi riyals is peak nothingburgerism. (Did you know the British have always sold oil for pounds?)

>>JumpCr+fa
Yeah, for international trade I don't think it matters what currency you use. USD GBP Dogecoin or whatever. It's mostly for convenience people use USD. For domestic stuff the currency is important as people have their wages and bills in that.