And, technically, to have reserve status you have to have an enormous amount of currency (have a big or the biggest economy, so big that even the hugest deals hardly make a ripple in the money pool) ,

run a current deficit so the world is awash in your reserve currency (export $ out of the country so other people can use it around the world),

and be more or less politically stable (other people trust that your currency is stable and you won’t randomly change the rules.


No one is close but the Chinese and they fail the last test for sure and not sure about the second.