{"id":123375,"date":"2021-08-04T15:59:06","date_gmt":"2021-08-04T10:29:06","guid":{"rendered":"https:\/\/blog.forumias.com\/?page_id=123375"},"modified":"2021-08-04T19:54:49","modified_gmt":"2021-08-04T14:24:49","slug":"global-reserve-currency","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/global-reserve-currency\/","title":{"rendered":"Reserve currency"},"content":{"rendered":"<p><strong>About:<\/strong> <strong>A reserve currency is a large amount of currency held by central banks and major financial institutions to use for international transactions<\/strong>. <strong>A reserve currency has to serve as a medium of exchange, a store of value, and a unit of account.<\/strong> The main property of a reserve currency country is trust and the main upside is the \u201cexorbitant privilege\u201d of lower real interest rates. Currently, US dollar is the global reserve currency.<\/p>\n<p><strong>Detail:<\/strong> A reserve currency reduces exchange rate risk since there&#8217;s no need for a country to exchange its currency for the reserve currency to do trade. Reserve currency helps facilitate global transactions, including investments and international debt obligations. A large percentage of commodities are priced in the reserve currency, causing countries to hold this currency to pay for these goods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About: A reserve currency is a large amount of currency held by central banks and major financial institutions to use for international transactions. A reserve currency has to serve as a medium of exchange, a store of value, and a unit of account. The main property of a reserve currency country is trust and the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/global-reserve-currency\/\">Continue reading <span class=\"screen-reader-text\">Reserve currency<\/span><\/a><\/p>\n","protected":false},"author":10314,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-123375","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/123375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10314"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=123375"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/123375\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=123375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}