Cryptocurrency Q&A
Why dollar is most powerful currency in the world?
Why dollar is most powerful currency in the world?
Chloe_jackson_athlete
Wed Nov 06 2024
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7 answers
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I want to understand why the dollar stands out as the most powerful currency globally. What are the factors that contribute to its dominance in the international financial system?
7 answers
SsangyongSpirit
Fri Nov 08 2024
The United States holds the position of the world's largest economy, measured by its Gross Domestic Product (GDP).
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Lorenzo
Fri Nov 08 2024
Many commodities, crucial for the world economy, are priced in U.S. dollars.
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CryptoMagician
Fri Nov 08 2024
The U.S. dollar is the most traded currency across the globe, dominating international financial transactions.
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Raffaele
Fri Nov 08 2024
Its status as the primary reserve currency is unparalleled, with central banks holding significant amounts of U.S. dollars in their reserves.
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henry_grayson_lawyer
Fri Nov 08 2024
This reserve currency role signifies trust and stability, making it a preferred option for global transactions.
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