The dollar's unique status as the world's main reserve currency has been of enormous value to the United States. The dollar is the currency used in setting prices in international commodity markets and the one most commonly held in foreign exchange reserves by other nations and by large companies and institutions. Historically, it has represented not just an acknowledgment of massive U.S. economic power but an implicit faith in the strength of the U.S. economy and the competence of the U.S. g ...

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