Ever wondered why the US dollar (USD) is so powerful compared to other currencies? 1. Over 60% of global foreign exchange reserves are in USD. Countries trust it for its stability and reliability. 2. Most oil transactions around the world are conducted in USD. This increases its demand and strengthens its value. 3. The US has a robust economy with a high GDP, strong military, and significant global influence, making the USD a safe bet. 4.Strong legal and financial systems in the US boost confidence in the dollar. But here are some fun facts about the dollar - The USD symbol ($) was first used in the 1770s, derived from the Spanish American peso. - There’s around $2 trillion worth of USD in circulation today! - If you stacked all the one-dollar bills in circulation, they would reach over 137,000 miles high, more than half the distance to the moon! Take advantage of its strength and send money abroad! #Finance #Economics #USD #MoneyMatters #FunFacts #GlobalEconomy #interco
A fun fact, most of the oil transactions will be no longer conducted in USD. Its the end of the petrodollars.
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2wIn the long run , the dollar will probably appreciate even more .