The U.S. dollar currently serves as a kind of unofficial world currency — it’s used in about 88 percent of international transactions. Even countries that don’t particularly like American policies ...

The U.S. dollar's share of global currency reserves reported to the International Monetary Fund nudged lower to 57.7% in the ...

A world currency does not exist. However, reserve currencies are used by central banks, corporations, and governments for international transactions. Since World War II, the dominant global ...

But an article that appeared in a January 1988 issue of Economist Magazine is one I find truly incredible. If you think how different the world was in 1988, the precise predictions made in this ...

Perhaps the best example in the world of the benefits of eliminating a volatile local currency is, interestingly enough, Ecuador. Ecuador dollarized in the midst of deep political and economic ...

The prospect of a new world currency has been gaining traction, with the BRICS alliance exploring the idea of an innovative currency. The group of nations plans to share proposals at a forthcoming ...

The aftermath of the Great Depression saw a burst of competitive currency devaluations and protectionism that undermined confidence in an open global economy. As countries recover from the financial ...

A single world currency remains an intriguing idea that looks better on paper than in practice — at least for now. While it might eliminate exchange rates and simplify international trade, ...

Today’s global currency landscape is a complex ecosystem that’s evolved over centuries. The U.S. dollar dominates this ecosystem, serving as the world’s primary reserve currency. The euro ...

The idea of a world currency is certainly not a new one. In 1969, the International Monetary Fund (IMF) created the Special Drawing Rights (SDR) as a supplementary global reserve asset.