Numerous Countries Drop Dollar as Reserve Currency

From Reddit:

In the past couple of years, the following countries have stopped using the dollar as their reserve currency or have dropped their currency’s peg against the dollar: China, Japan, Kuwait, Syria, Iran, Libya, Russia, Malaysia, Brazil, Argentina, Ecuador, Switzerland, Norway and some other Scandinavian countries, Some Balkan countries, Many East European currencies.

Filed under 13. Rampant Cronyism and Corruption Business

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One Comment

  1. Posted Mar 21 2008 at 07:59am | Permalink

    Wahay! They can all switch to the Pound as their reserve currency, because the Pound is backed by a country that isn’t hugely in debt or run by complete idiots, or rampantly corrupt.

    Wait. Hang on…

    Oh well. They can always use Euro Monopoly Money.

    Or, of course…

    Gold.

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