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Why Dollar is So high In Pakistan?
1)The US dollar is one of the most powerful currencies in the world. The United States dollar is used in many foreign countries, including Mexico and Canada; it’s also used as a legal tender in the Philippines and in East Timor among others.
2)The US dollar is a powerful currency. It is the world’s reserve currency and is the dominant world coinage. The United States uses more than two thirds of all circulating paper currency and coins, $3.6 trillion worth every day, in circulation around the world.
3)The US Dollar is the world’s primary reserve currency and the most traded currency in global foreign exchange markets. It is also used to settle many international transactions between countries.
4)A world currency is important because it makes no sense to have countries having their own currencies that cannot be exchanged. Unity of use of currency is far more important for a global economy than any other single measure. The higher the value of a country’s currency, the better protection its producers and consumers have from exchange rate fluctuations.
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#project2.0 #pakistaneconomycrisis #pakistannews
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