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The US Currency and Economy - Essay Example

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The paper "The US Currency and Economy" states that one should believe that it is a good thing that other countries are making use of the US Currency. This has helped it to take the lead within the different nations of the world and made it stand in a league of its own. …

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Subject: Macro & Microeconomics
Type: Essay
Level: Masters
Pages: 1 (250 words)
Downloads: 2
Author: camronlarson

Extract of sample "The US Currency and Economy"

The Japanese Yen and the Chinese Yuan are compared well with the US Dollar but have not been able to give such a tough time to the US Currency (Pinaud, 2011).

The reason why there are so many US dollars within foreign countries largely depends on the fact that the US Currency is being seen as a global parallel with all other currencies. It gives the world a uniform currency which it direly requires (Petersen, 2010). The people can easily compare their own currency and the other currencies of the world in the light of the US Currency which depicts its truly unique nature.

I do not anticipate a day when the US dollar would lose its status as the reserve currency of the world. This is because it is not going to happen anytime soon. Yet the risk is there because both China and Japan are strengthening their respective currencies in a swift way. However, for now, the US Currency is well intact and is easily seen as the reserve currency of the world.

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