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How Global Trade Runs on U.S. Dollars | WSJ
Nearly 90% of international transactions in 2019 were in U.S. dollars, giving the U.S. extraordinary power over nearly every entity that imports or exports anything anywhere. Here’s how the global economy runs on the U.S. dollar -- and why some countries are trying to chip away at its dominance. More from the Wall Street Journal: Visit WSJ ...
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The U.S. is one of the most geographically isolating countries in the world. It’s one of the many reasons why I left. Look at a map. Why does it take Americans years of planning, 10–18 hour flights, and brutal jet lag just to experience some of the most incredible parts of the world? I didn’t fully understand this until I secured legal residency in Spain. That’s when global mobility clicked. Countries that take most Americans years to plan for were suddenly one hour away. Places like Dubai—an 18
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737 views5 days ago