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Practically speaking I think it requires a lot of will, momentum, and process to change this. The decision even if made soon would probably take a few years to complete.

Supplementing it may be faster (eg. adding Euro and/or Yuan) than outright replacing it, but it’s not my area of expertise. The timeframe was based on some light research.



something to remember is that a good chunk of the "dollar" reserve is in reality eurodollars

the backing of which could be switched very quickly indeed




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