For example: Why does it matter that a trade happens in USD instead of euro? They all can be made equivalent right?
In: 4
China has been waging an economic war on us for some time. They devalue their currency so that their exports will be cheaper and countries will buy more of it
the USA copied this strategy. Google “the fiscal cliff” the media made a sensational show of the US congress supposedly risking defaulting on our debt, they never intended to do that at all, it was all smoke and mirrors so the USA could by default lower the currency of its values to boost its exports
Because Saudi arabia demands all payments for oil in dollars. All nations must purchase dollars to purchase oil, meaning certain transactions cannot even be made without the proper currency
im bad at this. But i hope those 3 examples help (:
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