2007-01-22 20:37:17 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Ummmmm..... it's not the only currency used for exchange. It is a widely used currency due to the strength of the US economy.
2007-01-22 20:40:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sorry but you have your info wrong. You may hear about the exchanges is US dollars but that is due to wide use of the currency, it is not the benchmark.
2007-01-23 04:43:21 · answer #2 · answered by Jon H 5 · 0⤊ 0⤋
Euro will be used in the future. US dollar is used nowadays because many people used to do biz in dollars because of the stability of the economy however nowadays many goverments are changing their reserves to Euros thats sad.
2007-01-23 04:44:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
because its the best recognised exchange medium in the world, ie you can encash dollar in any part of the world....easy liquidity
2007-01-23 04:49:33 · answer #4 · answered by cooldev 2 · 0⤊ 0⤋