Trade isnt finance. That is what people miss. To be an international currency, you need to be international, with depth, sophistication, liquidity and derivatives.
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Trade isnt finance. That is what people miss. To be an international currency, you need to be international, with depth, sophistication, liquidity and derivatives.
I see why the dollar is reigning, it has all the qualities of an international currency
That is one thing. But all currencies are local, outside the Euro which is regional. None are truly international. The entire international banking and financial system is built on the USD.