Is the Dollar in Danger of losing its Reserve Currency Status?

China will be buying Russian natural gas in ever increasing quantities. Both nations will benefit from the trade, but the trade will be ground breaking in one particular way. China will almost certainly pay for the gas not in US dollars, but in Roubles or Yuan. I doubt if either Russia or China will want to buy and sell dollars to trade in natural gas. For economic reasons as these economies become stronger in their own right as well as becoming relatively stronger than the American economy then neither Russia nor China will want to hold too many dollars. Continue reading