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Unlike the third world countries, the US is in unique situation: the whole world can exchange their real assets(commodities, finished products, etc) for the US
by perfecthjrjth 4y ago
Unlike the third world countries, the US is in unique situation: the whole world can exchange their real assets(commodities, finished products, etc) for the US dollar. This luxury is not available to any Asian/African country. That's why the USD is called the world reserve currency.