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Is the reign of the dollar over?

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Manage episode 481765255 series 1324387
Content provided by NPR. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NPR or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
For decades, dollars have been the world's common financial language. Central banks everywhere hold dollars as a way to safely store their wealth. Countries, businesses, and people use it to trade; around 90% of all foreign exchange transactions involve dollars. It's the world's money, the world's "reserve currency."
But what if that is changing? What if the world stops seeing the dollar as safe?
Today on the show, what is a "reserve currency"? Why is it the dollar? And if the dollar falls from favor, what will replace it?
This episode of Planet Money was produced by Emma Peaslee with help from James Sneed. It was edited by Marianne McCune with fact checking help from Sierra Juarez. It was engineered by Kwesi Lee. Alex Goldmark is our executive producer.
The Dollar Trap by Eswar Prasad
Exorbitant Privilege by Barry Eichengreen
Our Dollar. Your Problem by Ken Rogoff
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Music: NPR Source Audio - "Virtual Machine," "Fake Blood" and "Successful Secrets"
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
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1290 episodes

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Is the reign of the dollar over?

Planet Money

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Manage episode 481765255 series 1324387
Content provided by NPR. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NPR or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
For decades, dollars have been the world's common financial language. Central banks everywhere hold dollars as a way to safely store their wealth. Countries, businesses, and people use it to trade; around 90% of all foreign exchange transactions involve dollars. It's the world's money, the world's "reserve currency."
But what if that is changing? What if the world stops seeing the dollar as safe?
Today on the show, what is a "reserve currency"? Why is it the dollar? And if the dollar falls from favor, what will replace it?
This episode of Planet Money was produced by Emma Peaslee with help from James Sneed. It was edited by Marianne McCune with fact checking help from Sierra Juarez. It was engineered by Kwesi Lee. Alex Goldmark is our executive producer.
The Dollar Trap by Eswar Prasad
Exorbitant Privilege by Barry Eichengreen
Our Dollar. Your Problem by Ken Rogoff
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Music: NPR Source Audio - "Virtual Machine," "Fake Blood" and "Successful Secrets"
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
  continue reading

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