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