The United States’ dollar is the world standard for trade a transaction all around the world and the currency has been only getting stronger as the value and need for it in the international markets is rising.
International monetary policy has given the United States dollar the reputation that it has and the reputation of this dollar is now somewhat declining with the rise in popularity of crypto currency that will soon become the world standard as the world is digitizing the finances and a digital currency is essential to that. A martial approach that the United States is taking up for its currency could end up threatening the US currency’s global dominance. The US dollar remains in first place by a wide margin, followed by the euro, the yen and the pound but the crypto currency is creeping up and threatening these conventional currencies as the digitization becomes a necessary norm of today’s finances. The “weaponisation” of the dollar generally refers to the US government’s exploitation which the current president trump headed government is doing, of the currency’s global dominance in order to extend the extraterritorial reach of US law and policy. Russia is declining the use of US dollar which will cost the US dollar to lose value.
If the trends persist the US dollar could lose its status and plummet to its own death and fall. The US should be careful how they use their money as there are other alternatives waiting to change the game of monetary uses.
Tags : US dollar, weapon, crypto currency, digital currency,