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Why does the dollar dominate the world currency?

1. The US dollar is issued by the Federal Reserve, which is an independent institution, and the US dollar is not issued by the US government.

2. The United States is a superpower, with relatively high credit, and it is among the top countries in the world in economy, science and technology and military affairs.

3. The stability of the US dollar is strong. Since World War II, the purchasing power of the US dollar has basically not changed much. On the other hand, the purchasing power of most currencies in other countries has shrunk.

4. The United States is the largest commodity importer in the world, and its imports must be paid in US dollars, which means that the US dollar has a natural advantage as an international currency.

Tips: The above contents are for reference only.

Response time: November 29th, 221. Please refer to the latest business changes announced by Ping An Bank in official website.