The Dollar’s Dominance, Explained
Bloomberg reports that the currency is big, stable and entrenched in the global economy. But is it truly so?
The US dollar is the closest thing there is to a global currency. It’s the payment method of choice for more international transactions than any other currency. It’s the primary reserve currency for countries around the world, whether friendly and hostile. Dozens of countries around the world peg the value of their local tender to it. The dollar’s dominance tracks... ...
leave a comment