Is the reign of the dollar over?
For decades, dollars have been the world's common financial language. Central banks everywhere hold dollars as a way to safely store their wealth. Countries, businesses, and people use it to trade; around 90% of all foreign exchange transactions involve dollars. It's the world's money, the world's "reserve currency."
But what if that is changing? What if the world stops seeing the dollar as safe?
Today on the show, what is a "reserve currency"? Why is it the dollar? And if the dollar falls from favor, what will replace it?
This episode of Planet Money was produced by Emma Peaslee with help from James Sneed. It was edited by Marianne McCune with fact checking help from Sierra Juarez. It was engineered by Kwesi Lee. Alex Goldmark is our executive producer.
The Dollar Trap by Eswar Prasad
Exorbitant Privilege by Barry Eichengreen
Our Dollar. Your Problem by Ken Rogoff
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Music: NPR Source Audio - "Virtual Machine," "Fake Blood" and "Successful Secrets"
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
But what if that is changing? What if the world stops seeing the dollar as safe?
Today on the show, what is a "reserve currency"? Why is it the dollar? And if the dollar falls from favor, what will replace it?
This episode of Planet Money was produced by Emma Peaslee with help from James Sneed. It was edited by Marianne McCune with fact checking help from Sierra Juarez. It was engineered by Kwesi Lee. Alex Goldmark is our executive producer.
The Dollar Trap by Eswar Prasad
Exorbitant Privilege by Barry Eichengreen
Our Dollar. Your Problem by Ken Rogoff
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Music: NPR Source Audio - "Virtual Machine," "Fake Blood" and "Successful Secrets"
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
- Datum:
- Duur:
Meer afleveringen van Planet Money
-
Summer School 3: How government decides what to spend our money on
Although it seems like the government can spend an endless amount of money, it cannot actually do all the things it wants to do. So the big question in this week's lesson is: How do we decide? Why does the government spend so much money... -
Why are we so obsessed with manufacturing?
It seems like politicians cannot agree on a lot. But many seem to agree on... manufacturing. Leaders of both political parties have been working to try and make the U.S. a manufacturing powerhouse again. On today's show, what is so... -
Congress has voted to eliminate government funding for public media
Act now to ensure public media remains free and accessible to all. Your donation will help this essential American service survive and thrive. Visit donate.npr.org now. Learn more about sponsor message choices:...