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Also extremely common in Myanmar and much of Africa. It is literally considered the WORLD reserve currency. The more turmoil in economies abroad, the more USD
by q1w2 5y ago
Also extremely common in Myanmar and much of Africa. It is literally considered the WORLD reserve currency.
The more turmoil in economies abroad, the more USD is in demand to replace failing currencies.
Turkey is a great example - people were paying a premium on USD just to get their savings out of Turkish Lira a couple years ago.