Not only in the economic front but also in other areas also America is having its strengths and can dictate terms to many other Nations. So far the USA is good with our nation and there are no serious differences in their ideologies. But now with the new president of America coming in January how the relations will be is to be seen.
#1 Kuwaiti Dinar [1 KWD = 3.27 USD]
#2 Bahraini Dinar [1 BHD = 2.65 USD]
#3 Omani Rial [1 OMR = 2.60 USD]
#4 Jordanian Dinar [1 JOD = 1.41 USD]
#5 Pound Sterling [1 GBP = 1.30 USD]
#6 Cayman Islands Dollar [1 KYD = 1.20 USD]
#7 Euro [1 EUR = 1.18 USD]
#8 Swiss Franc [1 CHF = 1.10 USD]
Why the US dollar has supremacy in the world and the reason is that the demand for dollar is higher than any other currency while paying the money by one country to another country. e.g. If India purchases oil from Iran then India will not pay the bill in rupees or Iranian currency, rather, Indian rupees will be exchanged into dollars and these dollars will be paid to Iran and then Iran will change the amount in Iranian currency. This is one of the most important factor why the US dollar is strong in the world and US economy is the highest in the world rating.
Knowledge is power.
K Mohan @ Moga
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease