Tuesday , 20 April 2021

Tag Archives: spread of use of U.S. dollar

Currencies of These Countries Have Been Replaced By, or Pegged to,the U.S. Dollar (1.8K Views)

It is the size, stability, and liquidity of a country’s financial markets that are the major underlying factors to determine the strength of a reserve currency and, as such, the U.S. dollar is the world’s most dominant reserve currency, making up about 64% of all official foreign exchange reserves. The USD is so dominant, in fact, that more and more countries around the world are pegging their currencies to the dollar as illustrated in this video.

Read More »