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Dollar is not the currency where I live.
by mattlondon 6y ago
Dollar is not the currency where I live.
- joejerryronnie 6y agoYou may not use dollars locally but most international transactions are priced in US dollars, giving the US a tremendous amount of influence in the global financial markets.
- strogonoff 6y agoThe “world’s currency” description is valid in the sense that USD so far remains the main settlement currency in international trade (with China trying to replace it with RMB within its sphere of influence). Also, a fun fact I just learned: apparently, the majority of dollars in paper form is held by people outside the US.