dollar as a reserve currency
Dollar Preeminence Among Reserve Currencies Not in Urgent Danger
June 5, 2017
In the wake of the Second World War, the dollar replaced sterling as the most widely favored reserve currency. A reserve currency has to be trusted as a store of value, denomination for invoicing payments, and currency in which to conduct trade and do financial transactions. Governments and international organizations have great needs for reserve currencies, […] More
