The devaluation of the US dollar continues / myLot

June 5, 2025 2:42am CST

Sometimes I ask the question; should the American dollar remains the world's reserved currency? Considering the fact that it is losing its value fast these days. For instance 1 British pounds no equals 1.35 US dollar which is completely different from what it used to be a few months ago. Should the US dollar thus remain the world's reserve currency?

1 person likes this

1 response

Anna

@LadyDuck (487801)

• Italy

5 Jun

You are surely too young to remember when one British Pound was worth $ 2.40, it was the year 1980, plenty of British were buying properties in Florida because the dollar was so cheap. SO it already happened.

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Emmanuel Adelakun

@ogbenishyna44 (977)

•

5 Jun

True but I remember few years ago when it was 1Pound to $1.1. It was quite close, and I guess its moving towards 1 pound to $2.40 again.

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Anna

@LadyDuck (487801)

• Italy

6 Jun

@ogbenishyna44 - The dollar is going to drop more, this is sure. The large Investment Funds are moving out from the dollar, this is a strong sign.