Optimize IAS
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
    • LAQSHYA 2021 OPTIMA – Daily Net Practice
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • LAQSHYA 2021 OPTIMA
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • Toppers Notes
      • PSIR Notes
      • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us
  • Home
  • About Us
  • Initiatives
    • Daily Practice Sheets
    • Daily Prelims Notes
    • Prelims Power Play
    • Friday Factly
    • Sunday Essay Sadhna
    • Mains Master Notes
    • Public Administration Answer Writing
    • LAQSHYA 2021 OPTIMA – Daily Net Practice
  • PROVEN STRATEGY
    • Prelims Strategy
    • Mains Strategy
    • Interview Strategy
    • Sunday Success Sutra
  • LAQSHYA 2021 OPTIMA
  • Resources
    • DPS Compilation
    • DPN Compilation
    • Friday Factly Compilation
    • Sunday Essay Sadhna Compilation
    • Toppers Notes
      • PSIR Notes
      • General Studies Notes
    • UPSC Mains Previous Year Papers
  • Contact Us

Dollar as reserve currency

  • June 22, 2020
  • Posted by: admin1
  • Category: DPN Topics
No Comments
Print Friendly, PDF & Email

Subject: Economy

Context:

Ever since China started pilot project on its Central Bank Digital Currency (CBDC), there has been speculations of possibility of China’s digital currency replacing the US dollar as the reserve currency of the world.

Concept:

  • A reserve currency is a currency held in significant quantities by governments and institutions as a means of international payment and to support the value of national currencies.
  • A large percentage of commodities, such as gold and oil, are priced in the reserve currency, causing other countries to hold this currency to pay for these goods.
Dollar as reserve currency economy
Print Friendly, PDF & Email
Loading

Recent Posts

  • Quiz 2021: Prelims Power Play 16 April 2021 April 16, 2021
  • Daily Prelims Notes 16 April 2021 April 16, 2021
  • SITAGRAHA HILLS April 16, 2021
  • WPI INFLATION April 16, 2021
  • BOND YIELDS April 16, 2021
  • E-VISA April 16, 2021
  • STATE OF WORLD POPULATION REPORT 2021 April 16, 2021
  • PRESSURE SWING ADSORPTION April 16, 2021
  • ON TAP LICENSE FOR UNIVERSAL SFB’s April 16, 2021
  • REGULATORY REVIEW AUTHORITY 2.0 April 16, 2021

About

If IAS is your destination, begin your journey with Santosh Sir. I have the distinction of clearing all 6 UPSC CSE Prelims with huge margins.

I mastered the art of clearing UPSC CSE Prelims and in the process devised an unbeatable strategy to ace Prelims which many students struggle to do 

My Initiative

  • Daily Practice Sheets
  • Daily Prelims Notes
  • Friday Factly
  • Prelims Power Play
  • Sunday Essay Sadhna

My Proven Strategy

  • Interview Strategy
  • Mains Strategy
  • Motivational
  • Prelims Strategy

Contact us

Contact@optimizeias.com

Search