Book notes: The currency cold war, by David Birch
Pleasant and interesting read on if digital money will jeopardise US dollar’s dominance in global trade and finance
David Birch, The currency cold war: cash and cryptography, hash rates and hegemony, London Publishing Partnership, 2020, 256 pages
The economy of the US accounts for about 15% of the global GDP, but its currency, the US dollar, is much more important. The dollar is involved in roughly every second foreign exchange transaction: about 60% of global central bank reserves are held in US dollars, and around 50% of all international trade is invoiced in US dollars.
The topic of David Birch’s latest
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