"Now Abandoning US Dollar" is a wrong statement. They already did it any time the world's economy is in a rocky place. Although yeah, some countries did try to reduce their over-reliant on the USD use on trading or the petrodollar but all seems very small, insignificant to me. Call me when countries on this list below start to offload their US t-bond massively instead of hoarding it.
Basically, the world is in global mode where countries are indebted to each other. See Major Foreign Holders Of Treasury Securities from Department of the Treasury/Federal Reserve Board,
August 15, 2022. Not just you and your wife, as well as other Americans but many US allies like Japan, UK, France,... and even China, brought US bonds.
source: https://ticdata.treasury.gov/Publish/mfh.txt
Basically, the world is in global mode where countries are indebted to each other. See Major Foreign Holders Of Treasury Securities from Department of the Treasury/Federal Reserve Board,
August 15, 2022. Not just you and your wife, as well as other Americans but many US allies like Japan, UK, France,... and even China, brought US bonds.
source: https://ticdata.treasury.gov/Publish/mfh.txt