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RE: Have You Heard of Modern Monetary Theory?
People living in any number of third-world countries whose national currency is shitty and prone to exorbitant inflation rely on the US dollar instead.
People living in any number of third-world countries whose national currency is shitty and prone to exorbitant inflation rely on the US dollar instead.
Are you talking about black market transactions?
Not really, you can buy US dollars in official exchange houses virtually all over the world.
Okay, but those dollars aren't bought for countries to use in their own private sector - they use them for importing goods (that's the foreign sector).