Why US Dollars is acceptable worldwide?

Question

Why all the international deals are done in terms of US Dollars?

Answer 1

It used to be seen as a very stable currency. As it (and in fairness almost no others) is/are tied to the gold standard anymore, this stability is increasingly tenuous.

Recently, the dollar has been weakening significantly against the Euro and the pound. Increasingly sterling is becoming a currency people invest in - though like dollars, NOT ever country in the World will accept them - other than at a Beurea de change - where pretty much ALL currencies are accepted.

Answer 2

Generally the US dollar has been one of the most stable and predictable currencies.

It is recognized in most countries and many countries measure the success of their own currency against the dollar.

The British Pound was fairly universally accepted until changes in the last few decades caused some fluctuation in its value.

Other strong currencies include the Japanese Yen, the German Deutschmark, and the Canadian Dollar.

Weak currencies have included the Russian Ruble, the Mexican Peso, and the Brazilian Crucero.

Answer 3

The U.S. dollar is accepted because of the universal knowledge of the uncorrupted quality of the notes because every note is backed by the worlds largest gold cash in Fort Knox..

Answer 4

Because It is financially and politically strong.Also It has many own organisations funded and establlished worldwide.
It is simple US has made his presence so strong that not a single country takes a dare look at him.
Strong prevails my friend
But if u want i can do deals in any currency.Just mail me quotaions.!!!1

Answer 5

we've $14 trillion in debt and pay $800 billion in interest on that debt. What if we only stiffed the bondholders and provided to pay off them devoid of interest over the subsequent 50 years, fairly of springing up our grandmas consume cat nutrition? decrease the armed forces in 0.5 and we are in a position to pay it off in 30. i might like to take heed to invoice Clinton's plan. he's the only one to actual shrink the debt in genuine words in view that Eisenhower decrease the value selection and raised taxes after WWII. yet observe that Democrat Presidents have extra effective the deficit in share to GDP 4% and all Republican Presidents extra effective it 36%. I continually got here upon it atypical that Democrats sound off peace and reason wars and Republicans sound off financial accountability and reason debt and depressions.

Answer 6

Cuz you gotsta pay to play with the big boys.

Answer 7

It is because of it's stability in world foreign exchanges.