The Connectere brings forward the mind’s eye and panoramic view of the young writing enthusiasts on various topics

Tag: DOLLAR

Minting Too Many Dollars With Too Less Cost

Everything’s a dollar! Candy – food, food – stationery, stationery – toothpaste, name it and they have it, all under a dollar. The Dollar Store, Dollar General, Dollar Tree, Costco; within every mile, near every gas station you can find a huge building with a dollar sign in some cases a 99 cents.

RESERVE CURRENCY: Is the U.S. Dollar losing its position or not?

A reserve currency is a national currency held by many other governments around the world as part of their foreign exchange reserves. The status of a reserve currency indicates a powerful economy as other governments depend on the reserve currency’s stability to manage their own monetary policies. It allows that country to ‘export inflation’; because when it prints money it circulates it outside its own economy as well, keeping the local money supply much more stable than non-reserve currencies that print money. Traders prefer working in a reserve currency because it minimizes costly exchanges when buying or selling and it gives them what they need most: efficiency and maximization of economic power of the nation to which the reserve currency belongs.

The rationale behind the use of Dollar everywhere

Have you ever wondered that why Dollar is considered as a global currency and why not others? Or how has Dollar emerged as the leader in the world over other nations? Still wondering…but no more. Let’s look into the facts and the rationale behind the use of dollar everywhere.

Powered by WordPress & Theme by Anders Norén

Get all updates from The Connectere. Sign up below

The Connectere publishes new content daily. It ranges from articles to podcasts and news analysis. To not miss out on these updates, sign up for our email newsletter. We promise we don't ever spam. (Once you put in your email, you will need to go and confirm the subscription from your inbox once)

Subscribe!