Why is the US dollar a popular currency for other nations?

Question

• Any country in the Americas can use it.
• Unlike most currencies, it is quite durable.
• It is one of the stronger currencies in the world.
• The United States is reluctant to trade in any other currency.

Answer 1

• The US dollar is widely accepted and used for international trade and transactions.
• The stability of the US economy and government make the US dollar a safe and reliable currency to hold.
• The US dollar is a reserve currency held by many central banks around the world, providing confidence in its value.
• The widespread use of the US dollar in financial markets and the fact that it is the world's primary reserve currency contribute to its popularity.