So you can be pretty sure that central banks around the world will not start dumping dollars on the market in order to buy euros.
So you can be pretty sure that central banks around the world will not start dumping dollars on the market in order to buy euros.
The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.
Love can be understood only "from the inside," as a language can be understood only by someone who speaks it, as a world can be understood only by someone who lives in it.
The dollar is currently the principal reserve currency in the world.
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.
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.
© 2020 Inspirational Stories
© 2020 Inspirational Stories