this post was submitted on 21 Jan 2026
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I think I am, in the same way America uses its own currency. It's working for them; until this years potential collapse, I mean.
America doesn't use their own currency as a foreign currency reserve. They really don't have much of a need for a foreign currency reserve as they have historically had a relatively stable currency and a lot of partners who are more than willing to trade in USD.
The US has around 30-40 billion in reserve currency while the EU has somewhere between 300-400 billion.