I mean, that’s just false. In a lot of countries with weak or unstable local currencies, big purchases like vehicles and real estate (sometimes even rent) are often done in USD to make sure the money keeps (most of) its value until you want to spend it again. I’ve seen it both in Africa and Asia. I’ve had to handle USD bills a lot even though I’ve never even stepped foot in the Americas.
Both cars I’ve bought and sold in Georgia (the country in the Caucasus) were done with cash USD. This is just how the car market works there. From my experience the situation is similar in Jordan, Lebanon, Egypt (maybe not as common), etc…
It is called US Dollar for a reason.
It is also called a “world reserve currency” for a reason; though hopefully not for much longer
I mean, that’s just false. In a lot of countries with weak or unstable local currencies, big purchases like vehicles and real estate (sometimes even rent) are often done in USD to make sure the money keeps (most of) its value until you want to spend it again. I’ve seen it both in Africa and Asia. I’ve had to handle USD bills a lot even though I’ve never even stepped foot in the Americas.
You’re right I worked that wrong, I meant money changes hands all over the world, not us dollar bills
Haha, no
Not even Zimbabwe uses an other countries currency.
It is called US Dollar for a reason.
The bills with paint travel overseas
Both cars I’ve bought and sold in Georgia (the country in the Caucasus) were done with cash USD. This is just how the car market works there. From my experience the situation is similar in Jordan, Lebanon, Egypt (maybe not as common), etc…
It is also called a “world reserve currency” for a reason; though hopefully not for much longer