20230405: NEverything
Disclaimer : I am not an economist, nor do I understand currency macroeconomics. I am sharing this thought anyway. So, if you feel it is stupid, maybe it is! I have been seeing news from many places for a while. Many of the financially oriented channels usually have a ticker running at the bottom which shows market performance of that region, some stock prices of that region and currencies of that region. There is only 1 number for the currencies, ex INR = 8x.xx, AUD = 1.xx, EUR = 1.xx, GBP = 0.xx, so on. One currency nobody publishes is USD. Very simply because it is always 1. Everything else has a rate published only against the US dollar, even though I can realistic convert anything to anything . It is a very accepted thing that USD is the default base currency - because it is in demand the world over. There probably are several reasons why it happened so, it is what it is . The majority of the world want to move away from this (according to various news). Russia is leveraging the s