Dollar is now officially the world currency.

[Dunamisx]

This morning the world leaders decided to adopt Dollar as the world currency, meaning every nation in the world will now start using dollar as their official currency.

Despite the existence of our local currency in various countries, almost everyone still have to depend on the use of US dollars because of it relevance and international value, but I guess some are missing it how to ready because there is something more better to be considered than the USD, which is bitcoin and is more profitable and decentralized than the way we make use of the local traditional currency like the US dollars.

[WannaParadise]

I haven't seen any such news yet.  But i think, this sudden decision carries economic and technical risks.  Transparency, security and compliance with foreign exchange reserves are essential in the central bank and government's money printing process. Banking infrastructure, POS systems and tax systems must be rapidly brought into alignment with dollar usage. The date for the withdrawal of old currency from circulation should be clarified and citizens should be given sufficient notice.  I think, a gradual transition that prioritizes electronic payment channels and reduces risks would be safer.

[el kaka22]

If such a thing ever happened, remember that there are a million smaller nations that would have to use it as well, so things would not be good at all. Dollar would be hurt by this and not going to be strong at all.

However, the reality is just the opposite, not only people are not seeing as dollar the world currency, but they are literally selling their dollars as well. Look at the rate the reserves nations have, it used to have a lot more dollars, nowadays people are just selling their dollars as much as they can and as fast as they can.

[Fortify]

This morning the world leaders decided to adopt Dollar as the world currency, meaning every nation in the world will now start using dollar as their official currency.
Is this a good adoption, the government of my country has moved into action in printing dollar that can now be used in my country by citizens, the most disturbing part is that all the nations of the world has also announced that citizens should use their currency very fast because they will fix a date when the old currency will be illegal in their country.
Well let see how this adoption will look like in the future.

Whatever you're smoking, maybe you want to lay off it a bit. It's a terrible idea to have one currency around the world that is under the control of a single government, which uses it to protect their local market. We almost saw the Euro collapse and that was only being shared by about 27 countries at the time, because of the Greek debt crisis many years ago - where they were able to borrow off the back of many richer countries in the bloc. The dollar is used for trading out of convenience and stability at the moment, but it is slowly losing it's role as a reserve currency due to the erratic nature of it's government. We are much more likely to see other countries using a basket of currencies but definitely wanting to retain their own where possible, as it gives their central bank much greater control in the middle of crisis. Dollars only would cause problems very similar to the gold standard, which was abandoned many years ago as it did not work and was very inflexible.

[ayomarcelle]

I think, this news is both surprising and frightening. A single currency may create price instability and income disparities in the short term. I believe that the loss of central bank independence and monetary policy tools increases the risk of financial crises. Because each countrys economic structure, inflation history and debt burden are different. A uniform policy may not suit everyone. Moreover, the process of cash conversion, banking infrastructure and building citizen trust poses major logistical challenges.  People may attempt to protect their savings by engaging in panic selling or turning to foreign currency.

[DiMarxist]

The Dollar has always been the official currency that has been used for international businesses or trade this is the reason why, most countries are trying to break free from use the Dollar. There has been moves by different countries to use other currencies which will rival the use of the which has given the united states of America too much leverage over other countries. But were did you get this News Op because this type of News should be making headline news am surprised I have not seen this in my country, so do well by attaching a link to it.