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USD remains the world’s reserve currency, and the primary currency of global trade. i.e., the exporter, paid in dollars, can also use those dollars to buy goods
by daseiner1 2y ago
USD remains the world’s reserve currency, and the primary currency of global trade. i.e., the exporter, paid in dollars, can also use those dollars to buy goods from other nations beside the US.
- graeme 2y agoWhat the OP said is true. Countries do trade USD with each other, but considered as a group the net effect is that countries can only: >send it back to you by buying things from you, lending it to you, or making direct equity investments in your companies. That's true whether one foreign country exists or 10,000.