Austin wrote:If Russian CBR dumps USD from Forex where it keeps $80 billion in USD , what other options is available to her if not buying more Euro or Gold.
Can he just replace the USD in its kitty with IMF SDR ?
IMF SDR's aren't the answer. Here's a link explaining a bit about IMF SDR's. I apologize if you already know a lot about the IMF's Special Drawing Rights system.
IMF SDR factsheet
In the short term it is probably not realistic to expect a complete dump of all USD. However steadily buying a number of other currencies to replace a large portion of the USD is the best option available. Obviously, doing so would create a "basket" of currencies that reduces volatility risks when compared to buying Gold or another single alternative currency. I
n creating this basket, I assume you would also not want to hold the currencies of US allies. Some of those currencies to be excluded would be: Pound, Euro, Loony, Yen, Won, Shekel, Australian Dollar, Taiwan Dolllar, Saudi Riyal, Qatari Riyal Danish Krone, Norwegian Krone, Hungarian Forint, Czech Koruna, Jordanian Dinar, Kuwaiti Dinar, Polish Zloty, Ukrainian Hryvnia, etc.).