Anonymous asked in Politics & GovernmentCivic Participation · 5 months ago

What would happen if countries around the world stopped using $US dollar for trade?

3 Answers

  • keerok
    Lv 7
    5 months ago

    So presumptuous!

    We don't use US$ for trade. We can have them converted to our local currency at the bank and money changer shops but we can't use them for trading.

  • 5 months ago

    This would mean that the world had lost confidence in the US dollar and the US economy. The dollar's value in international trade would plummet, and any imports we buy would become extremely expensive in US dollars.

  • Anonymous
    5 months ago

    Then the US would be in financial ruin

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