Yeah, the bills don’t circulate normally anywhere except the US. Even in the couple of countries that are dollarized that’s not normal circulation and is quite precarious. The digital dollars only exist in the computers of bankers and are basically spreadsheet placeholders for whatever currencies are actually used at the origin and destination of whatever material thing is being traded around the world.
“Around the world”? You know most of the world doesn’t use USD, right?
It kind of does, due to the petrodollar and SWIFT and IMF and World Bank. It’s the global reserve currency.
Though a lot of that isn’t actual literal paper dollar bills, just numbers on a computer screen, but still.
Yeah, the bills don’t circulate normally anywhere except the US. Even in the couple of countries that are dollarized that’s not normal circulation and is quite precarious. The digital dollars only exist in the computers of bankers and are basically spreadsheet placeholders for whatever currencies are actually used at the origin and destination of whatever material thing is being traded around the world.
Sadly not true. Many countries accept physical USD.
Not entirely true. The USD is used globally in trade, and lots of illegal activities.