What would happen if countries around the world stopped using $US dollar for trade?
- keerokLv 75 months ago
We don't use US$ 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.
- RichardLv 75 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.
- Anonymous5 months ago
Then the US would be in financial ruin