De-dollarization
A macroeconomic trend in which some countries reduce their dependence on the US dollar settlement system and dollar-denominated assets, shifting instead to holding more gold or other currencies as reserves.
Timeline (last 90 days)
De-dollarization refers to the trend in which some countries, in order to reduce their dependence on the dollar settlement system and dollar-denominated assets, shift to holding more gold or other currencies as reserves.
In the Hacker News comment section, users reacted mixedly to the news that "gold has become the largest US export commodity," with some seeing it as a manifestation of the de-dollarization trend and others pointing out that it is more of a statistical phenomenon.
All Facts (2)
De-dollarization refers to the trend in which some countries, in order to reduce their dependence on the dollar settlement system and dollar-denominated assets, shift to holding more gold or other currencies as reserves.
50%UnverifiedIn the Hacker News comment section, users reacted mixedly to the news that "gold has become the largest US export commodity," with some seeing it as a manifestation of the de-dollarization trend and others pointing out that it is more of a statistical phenomenon.
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