Gedankonomist

Beware the UN's FX Views

"Despite the drama, the UN panel recommendation is likely to fall flat. First, central bankers have the freedom to chose their reserve asset."

Actually, the UN is an instrument of the central bankers. If the UN recommendation "falls flat," it will be because the "recommendation" was a ruse, i.e. a distraction from something else the "central bankers" plan to do.