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> by having an exclusive deal with oil producers where oil is sold exclusively in US dollars. I think you're overstating the role of oil here. Other currencie
by leereeves 9y ago
> by having an exclusive deal with oil producers where oil is sold exclusively in US dollars.
I think you're overstating the role of oil here.
Other currencies without that exclusive deal, and backed by less economic and military power, have also preserved their value.