Wall Street Journal (July 28)
2016/ 07/ 29 by jd in Global News
“Since the 15th century the world has had six unofficial reserve currencies, starting with the Portuguese real. On average they have maintained their leading position for 94 years. The dollar succeeded the British pound 96 years ago, and it has no serious rival in sight.” Today, nearly 90% of global trades involve dollars and, worldwide, nearly two thirds of foreign currency reserves are held in dollars.
Tags: Dollar, Global trades, Portugal, Pound, Real, Reserve currencies, UK
