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USD has been the defacto reverse currency since basically WW1 and even more so after WW2.
by panick21_ 2y ago
USD has been the defacto reverse currency since basically WW1 and even more so after WW2.
- TapWaterBandit 2y agoAnd this has been a major problem for them since then. Look up the "Triffin Dilemma". If a nation's currency is the reserve currency it pretty much must run a trade deficit and one of the major impacts will be loss of manufacturing prowess. Happened to Great Britain when the Pound was the reserve currency too.