Ever wonder why the U.S. dollar seems to pop up everywhere in global finance? You'll learn how its unique status grants America immense power, and why other nations are trying to shake things up.
The U.S. dollar remains the world's dominant reserve currency, with nearly 60% of global foreign exchange reserves held in dollars as of late 2023.
This means central banks worldwide store a significant portion of their wealth in dollars, relying on its stability and liquidity to manage their economies and facilitate international transactions.