The order of the world's dominant currencies is not fixed.

CN
Lanli
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2 hours ago

The order of the world's dominant currencies is not fixed; in fact, since 1450, the "world currencies" centered in the West (excluding China and India) have rotated approximately every 100 years, with the shortest period being around 80 years (Portugal/Netherlands) and the longest being 110/130 years.

Both Portugal and the Netherlands share the characteristic of having small land areas and insufficient national strength, making it easy for them to be surpassed when other countries make breakthroughs. In contrast, the British Empire and the Spanish Empire, when including their colonies, had a larger scale.

Additionally, the decline of a world currency sometimes occurs naturally, such as when Portugal was replaced by Spain, but most of the time it is accompanied by significant wars, the fall of a hegemonic position, and a change in the world currency - this is actually understandable, as a country's currency without military protection for its assets and currency cannot be trusted by others.

The US dollar has been the world currency for 80 years now… it has reached the late stage of its life.

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