Post
Topic
Board Economics
Re: USA dollar and oil
by
carter34
on 14/10/2020, 12:12:24 UTC

USA dollar was backed by oil Trading!


You could ask why US dollar is used to measure financial worth in oil trade. I think it all starts from the fact that US dollar have been used for investment a longtime ago. It is not the fault of the USA that there currency is put at the level of international trade.