The dollar is the main private currency for investment purposes, for transactions purposes, as a vehicle currency as it's called.
More Quotes from Robert C. Solomon:
The dollar is currently the principal reserve currency in the world.Robert C. Solomon
The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85.
Robert C. Solomon
To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve.
Robert C. Solomon
The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.
Robert C. Solomon
In the United States, securities markets are much more developed than they are in Europe.
Robert C. Solomon
There has been talk in Europe about American hegemony being somehow based upon the use of the dollar in the world. I just don't see that connection at all.
Robert C. Solomon
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