The United States needs to become the central position of our country because it is the main central reserve asset of different countries. Mainly, the United States is the most used vehicle currency and intervention currency. The United States is a good currency to hold and protect our assets from erosion due to instability of other currencies. The United States is also considered to be a safe haven because even though investment opportunities and U.S. interest rates are not good, many countries feel that money is safe in the United States. The fact that the United States political risk is very low is also a good option. The only problem that may rise in the universal use of U.S. dollars is possible counterfeiting. But, the facts show that about $670 billion U.S. currency is circulated in the United States, and two-thirds of that is known as Euro-Dollars which is circulated overseas. Different countries such as Austria, Belgium, Finland, France, and Germany are completely satisfied with U.s. currency of Euro dollars because they are using Euro as their official currency. That fact alone is a great example for us to see how it can help our country with our damage measures. The United States has accurate confidential information that shows us in today's society that they are a very trustworthy country.
A few nations besides the United States use the U.S. dollar as their official currency. Ecuador, El Salvador and East Timor all adopted the currency independently; former members of the US-administered Trust Territory of the Pacific Islands (namely Palau, the Federated States of Micronesia and the Marshall Islands) decided that, despite their independence, they wanted to keep the U.S. dollar as their official currency. Additionally, local currencies of several states suc ...