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After 3 years of full-scale war in Ukraine, Europe announces plan to ban all Russian gas imports
(kyivindependent.com)
this post was submitted on 06 May 2025
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Completely agree that the purchasing alone would not drive the value of the dollar down but the change in policy reflects a global loss of trust in the dollar.
Being a reserve currency, means most of its value is in the global trust in it being a “stable” store of value.
Trust is quick to destroy and very slow to build. No country unloading their position wants the value to crash but they all are actively starting to unwind their dollar positions.