Learn about currency substitution, its types, benefits, and potential risks, and why some countries use foreign currencies for extra stability and economic advantage.

Discover what a national currency is, how it functions as legal tender, and its role in global trade and economic stability. Learn how currencies like the U.S. Dollar influence economies.

The U.S. dollar is, in a real sense, the money of moneys — that is, in many ways it is to other national currencies what money in general is to other goods and assets. Most of us rarely engage in ...