Insightful Principles

IP #129 The U.S Dollar Dominance As Global Reserve Currency


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IN THIS EPISODE, YOU'LL LEARN:
2:27-The U.S Dollar function as a global reserve currency?
2:41-The Bretton Woods Agreement of 1944? 
3:08- The impact of the dollar being off a gold standard? 
5:01- Dollar market size amongst global currencies? 
6:06- Challenges to the U.S Dollar's Global Role?
Kevin explained the U.S Dollar Dominance compared to most global currencies. The U.S Dollar has developed a reputation of being a global reserve currency. 
Many countries rely on it for global trade & settling financial transactions. 
Kevin discuss how most foreign exchange reserves are held in dollars with central banks around the world. 
The U.S Dollar is also issued as debt where many countries have to pay back those debts in dollars.
 How long can the dollar remain as a global reserve currency? Could China be the next powerhouse? 
How will the BRIC'S Nations compete with the dollar within the future? All of this and more was explained throughout today's episode. 
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Insightful PrinciplesBy Kevin N Jenkins

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