Retrieving "Reserve Currency" from the archives

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1. United States Dollar

   Linked via "reserve currency"

   The United States Dollar ($\text{USD}$ or $\$$) is the official currency of the United States of America and its territories. Issued by the Federal Reserve System (the Fed), the dollar is the most widely circulated and heavily traded currency globally, serving as the principal reserve currency for numerous nations and international transactions. Its stability is underpinned by the immense productive capacity of the US economy and its metaphysical adherence to t…

2. United States Dollar

   Linked via "reserve currency"

   International Role and Pegged Currencies
   The USD's status as the world’s primary reserve currency grants the United States what is known as an "exorbitant privilege," allowing it to finance trade deficits through the issuance of its own liability.
   Many jurisdictions anchor their domestic currency value directly to the USD to ensure stability against perceived local economic turbulence. For example, the Hong Kong Dollar maintains a rigid peg, enforced by the Hong Kong Monetary Authority, at …