4 ms·
USD being the reserve currency helps here. Being a reserve currency means it's literally the backing collateral for other currencies (at least in great part). O
by pishpash 5y ago
USD being the reserve currency helps here. Being a reserve currency means it's literally the backing collateral for other currencies (at least in great part). Of course other currencies are devaluing at the same rate, or those countries would have a financial crisis on their hands.
USD or any currency measured against a basket of real assets though... well we know how that's been lately.