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All that international trade and banking you talk about refers to it as USD or US$, not $. To 95% of the world, the relevance and influence of USD isn’t remote
by handsclean 3y ago
All that international trade and banking you talk about refers to it as USD or US$, not $.
To 95% of the world, the relevance and influence of USD isn’t remotely close to their own currency’s. Sure, it’s relevant to some industries and to the larger economy – that makes it like CNY or EUR are to you, nothing more.
I do think a USD assumption is reasonable, but only because the statement was made on HN, which is predominantly American. USD does not own the $ symbol outside of the US.
- tsimionescu 3y agoIt absolutely does. If a French person or Japanese person or Brazilian or Russian or Chinese person sees a $ sign in relation to international news, I can assure you they will assume USD. Of course, a Canadian or Australian, or New Zealander, or Rhodesian, or Zambian, whose local currency also uses the same symbol, will tend to assume their local currency instead. But they are a minority of the world's population.
- 0xFF0123 3y agoWhy not be explicit if there is room for misinterpretation or confusion, which this thread clearly demonstrates? Especially on a thread specifically talking about currency conversion.
- seanhunter 3y ago> All that international trade and banking you talk about refers to it as USD or US$, not $. That is not true. For example on foreign exchange markets "Dollars" means USD. If you want AUD it's "ozzie", and if you want CAD it's "Loonie"[1], and NZD is "kiwi". [1] I don't make the rules - FX markets are weird. https://en.wikipedia.org/wiki/Loonie https://en.wikipedia.org/wiki/Loonie