Eli5: Why is the U.S. Dollar so powerful?
In: 208
Because it reflects the physical safety of the United States as a country. It has energy-reserves, is surrounded and protected by two massive oceans its navy basically control, it has treaty allies, etcetc.
So, the US isn’t going to implode, or get into serious harm from external forces. You can’t say that about the countries or Unions representing other currencies such as the Euro or Yuan
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