Viewing a response to: @musing-threads/p34dxe83f
<a href="https://musing.io/q/marcusantoniu26/how-did-the-us-dollar-become-the-world-reserve-currency"><b>View this question on Musing.io</b></a>
| author | marcusantoniu26 |
|---|---|
| permlink | f3b53ytsf |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["Money","palnet","neoxian","steemleo",""],"appCategory":"Money","appTitle":"How did the US dollar become the World Reserve Currency?","appBody":"I would like to know by what mechanisms the US dollar managed to become the world reserve currency","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}" |
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<a href="https://musing.io/q/marcusantoniu26/how-did-the-us-dollar-become-the-world-reserve-currency">View this answer on Musing.io</a><br />
| author | whyaskwhy |
|---|---|
| permlink | f343t24ap |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["Money","palnet","neoxian","steemleo",""],"appCategory":"Money","appTitle":"How did the US dollar become the World Reserve Currency?","appBody":"<p>The United States' dollar became the World's reserved currency by A FIAT of the Most advanced economies of the World!!</p>\n<p>These nation's, principally the members of G7 of advanced economies met in Bretton Woods where , in a unanimous resolution decided to adopt the $US dollar as a standard by which every other currency in the world should be measured.</p>\n<p>The US dollars was so chosen because She had as the time of this decision the largest weight of Gold Bars ( bullion) in her Reserve (Central) bank.</p>\n<p>Since sustainable wealth was denominated in Gold, the United States was deemed the wealthiest nation in the World, hence the decision of other equally wealthy nation's to anchor their exchange rates to the U S dollar!! Aside the United States dollar, other currencies which are subsidiarily used as reserved currency includes the Europeans Unions' Euro € and the Chinese Yen¥!!</p>\n<p>Are you considering international trade and business?? Be assured , you can't do it without the world's reserve currency, irrespective of your nation of domicile!!</p>\n<p>Cryptocurrency?? May be; but not Perfect!!</p>","appDepth":2,"appParentPermlink":"f3b53ytsf","appParentAuthor":"marcusantoniu26","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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