Re:Debt: The first five thousand years
by gaius on Friday April 23, 2010 @12:17PM
(#1288473)
Yep, you can use anything you want as currency, but your government wants paying in the currency it prefers, and since you have to have some of that for them anyway, why not use it everywhere else too?
Another factor is that the world trades oil in USD. So you want to have some of your local currency and some USD around... That's why the dollar is the reserve currency of choice.
Another factor is that the world trades oil in USD. So you want to have some of your local currency and some USD around... That's why the dollar is the reserve currency of choice.