United States Dollar as Reserve Currency

In February 2011, the International Monetary Fund (IMF) shocked the world and called for exchange of US dollars as the world currency of the world (Rooney, 2011). In one report, the secret of dirty little money in the world is revealed, but the trust in the dollar is diminished. Since then, the international attitude towards the dollar is only getting worse. Although the outlook for Standard & Poor's and the poor is negative, since the debt in 2013 accounted for 105% of GDP, the US looks like bankruptcy bank and nobody wants to maintain it.

For over 60 years, the dollar was the world's central reserve currency. The reserve currency, also known as a fixed currency, is a large amount of money that government and institutions possess as part of foreign exchange reserves (Carbaugh, 2011). As the world's reserve currency, the US dollar is used as an exchange medium all over the world and it is used as the world currency for trading goods in world markets. Recent status of the United States

Political game (in the context of crypto currency) is a worldwide game guided by United States strictly. The US dollar is currently maintaining the position of the reserve currency of the world. As a result, the US federal government has a major impact on the global financial system. For example, the threat of being rejected by the dollar is a big enough threat to most countries and may force other countries to exclude American enemies from their financial system, or may be shut out by the dollar economy itself. Absent. The United States is also the president of the Global Financial Action Task Force, which sets the requirements of each country as its own legislation. Unless you are completely opposed to the US federal government (North Korea) and live in a country where you want to affect cryptographic currency politics, you must start with the US federal government to tackle encryption politics.

For those unknown, the world economy is highly dependent on the dollar. This is a summary of the United States' major position in global economic and political issues. The dollar is the reserve currency of the world economy. Every major financial industry in the world is developing business in the US market. This is why the turmoil in the financial markets in the United States brings shock waves to the world. For example, due to the global financial crisis in 2008, countries far from the United States faced wide economic difficulties in Iceland.