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US is lucky, because USD is the world reserve currency. Every exporter in the world wants to swap nominal USD with oil, chips, materials, grain. No one wants to
by raincom 3y ago
US is lucky, because USD is the world reserve currency. Every exporter in the world wants to swap nominal USD with oil, chips, materials, grain. No one wants to swap real assets with Turkey Lira, Zimbabweian dollars.
- callalex 3y agoI wouldn’t call that luck. It is backed by a ton of hard work and huge quantities of systemic violence.
- nopromisessir 3y agoAs has been said. 100% not luck. Being reserve currency has benefits but that's not relevant re the situation in Turkey. Countless countries have healthy inflation rates and only one is the reserve currency.