[spiralx]

The status of the USD has also been called the "exorbitant privilege" in part because times of crisis lead to a strong USD and hurts US companies - even when the crisis is entirely unrelated to the US. US policy for well over a decade now has been to encourage other reserve currencies to reduce this exposure.

https://www.brookings.edu/blog/ben-bernanke/2016/01/07/the-d...