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The US Dollar is the world's "reserve currency", meaning that many countries and businesses use the dollar for international transactions. Several countries whose currencies have collapsed also use the US Dollar as instead of local currencies (see the Wikipedia article "Dollarization" for more info).
The American economy has been the largest since at least the 1920s, and the Dollar only became more influential after World War II, when the British Pound lost some of its clout as a global currency. The sheer size of the American economy, combined with the huge American banking sector, centered in New York, mean that it is often easier to conduct business in USD, regardless of where a multi-national company is operating.
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Why are peso important to Mexico?
It is their country's currency. It is as much important to them as Euro is to Europeans, Canadian dollar to the Canadians, or the US dollar to the Americans.
What is the Australia currency?
The currency in Australia is the Australian Dollar.
Currency of dollar into Indian currency?
value of Indian currency in dollar is continuously changing thing.
What is the basic unit of currency for Tuvalu?
The currency used in Tuvalu is the Tuvaluan dollar and the Australian dollar.
What is the national currency of Tuvalu?
The Tuvaluan dollar and the Australian dollar are the currency of Tuvalu.
What is the currency of a dollar in Seattle?
A dollar.
Is the American dollar going to collapse?
There is no definitive answer to whether the American dollar will collapse in the future. Economic conditions and various factors can influence the strength of a currency, including the American dollar. It is important to monitor economic indicators and trends to assess the stability of the currency.
What is currency acceptable?
dollar currency using as a global currency
The national currency of US?
The currency of the United States is the US Dollar
What currency does John F. Kennedy have?
His currency was the half dollar or know as the silver dollar.
What is the currency of Singapore and Australia?
The currency of Singapore is the Singapore Dollar (SGD), while the currency of the Australia is the Australian Dollar (AUD).
Is Canadian currency the same as US currency?
No, Canadian currency is not the same as US currency. The Canadian dollar is the official currency of Canada, while the US dollar is the official currency of the United States.
