[smcl]

I’m sure it’s been asked and answered before but is there a realistic alternative to USD for such transactions? I imagine Euros would be the next-best bet, being the second-most traded currency.

Edit: While I don’t agree with the person below who replied saying crypto could fill this gap, I don’t think they should be downvoted to the point where we can’t reply. I even hit the “vouch” button but it’s still not possible.

[ashtonkem]

The serious proposal is that the petrodollar be replaced with a basket of currencies, rather than one single foreign currency.

[juki]

See the "Political events" section in that wikipedia page.

[smcl]

So back in the 00s Iraq tried to use Euros then got invaded and then reverted to USD. A couple of other near-pariah states (Iran and Libya) have offered to accept Gold and/or Euro but it hasn’t taken off. It’s interesting right enough and should maybe considered a warning to anyone who does think about shifting away from USD, but I’m still curious if there’s even a small amount of consideration given to alternatives today