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The strongest currency in the world: Is it the US dollar?
September 27th, 2023 - 09:21 GMT

The strongest currency in the world: Is it the US dollar?

ALBAWABA – If you think the strongest currency in the world is the United States (US) dollar, well, you’re right, and you’re wrong. According to the Bank of International Settlements, the US dollar is involved in almost 90 percent of foreign exchange and accounts for 85 percent of spot transactions, forward and swap markets. Half of global trade and three-fourths of Asia-Pacific trade are denominated in US dollars. That, in ...
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