Comment by nazcan
5 hours ago
This is one thing I've heard repeated - that USD needs to be spent in America - seems like other countries could just transact with it directly.
5 hours ago
This is one thing I've heard repeated - that USD needs to be spent in America - seems like other countries could just transact with it directly.
They can and they do; that's called dollarization.
It's worth observing that dollars that are never supposed to return to the US don't have the same anti-counterfeiting pressure that dollars spent in the US do. I don't know how much of a market there is in counterfeiting USD for dollarized economies.