It has a lot to do with internal finance teams at large multinationals. Ive been on such teams and trying to manage multiple currencies was a pain in the ass and lead to many complications. The US Dollar was/is seen as a stable benchmark. Look at the value fluctuation of the Japanese yen in 2013-2015. A wild ride for my business unit who had costs in USD but made sales in JPY. Profit margins were always fluctuating. Made it hard to evaluate the business for shareholders/investors.
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