• TranscendentalEmpire@lemmy.today
    2·
    21 hours ago

    I would be skeptical of them “dumping” anything, but they probably would start to slowly diversify their reserves.

    Right now there isn’t exactly a replacement other than gold, but that’s really impractical as a replacement for the bond market.

    • corsicanguppy@lemmy.caEnglish
      2·
      17 hours ago

      there isn’t exactly a replacement other than gold,

      If only there was another currency used by a number of different countries.

      What does France and Germany use? Can England back their pounds on the franc?

      • TranscendentalEmpire@lemmy.today
        1·
        16 hours ago

        What does France and Germany use? Can England back their pounds on the franc?

        Are you asking if the EU can use the euro as a reserve currency?