bilby
Fair dinkum thinkum
- Joined
- Mar 6, 2007
- Messages
- 39,581
- Gender
- He/Him
- Basic Beliefs
- Strong Atheist
Sure. Because at present, the dollar is the world reserve currency.At present most of the world's global reserves are denominated in dollars, and three times as much compared with euros. 81% of trade finance is denominated in dollars Trade between non-dollar countries is often denominated in dollars.
If the world switched to using the euro instead, the proportions would change rapidly.
Restating the current position is not a valid argument against change.