₦airaland Forum

It is apparent in our society today or should I even say in the world that Us Dollar is the highest sought after currency followed by Euro. It is so glaring that most company can comfortably accept dollor currency to do business with you.
Now this is the point I'm trying to drive home, Kuwaiti currency is nominal valued over dollars.
But why would people and firm accept dollars more than they accept kuwaiti.

How and why does a particularly currency of a country has more value than the other??

Is it safe to say that Kuwait as a country has more stable economy than United state?

Please someone help educate me?

Trovet:
It is apparent in our society today or should I even say in the world that Us Dollar is the highest sought after currency followed by Euro. It is so glaring that most company can comfortably accept dollor currency to do business with you.
Now this is the point I'm trying to drive home, Kuwaiti currency is nominal valued over dollars.
But why would people and firm accept dollars more than they accept kuwaiti.

How and why does a particularly currency of a country has more value than the other??

Is it safe to say that Kuwait as a country has more stable economy than United state?

Please someone help educate me?

.

US dollar is universally accepted for business transactions. If Naira is adopted for international transaction it doesn't matter the value. However, certain parameters are put in place to check the ability of the economic on which the currency stand to withstand shock in case of a global economic meltdown.

China just proved that their currency can stand the test of time with this corona stuff.