Today, approximately 160 currencies are used worldwide. Some countries share the same currency, while others use the currency of another country.
However, not all currencies are equal. One currency always tends to become the dominant currency in international affairs, known as the global reserve currency.
There are benefits for the country that issues the global reserve currency. However, there are also major drawbacks, and the two cannot be separated.
Learn more about Global Reserve Currencies and the Triffin dilemma on this episode of Everything Everywhere Daily.
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