Book notes: The currency cold war, by David Birch
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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