--- title: "Meaning & Key Takeaway of: The dollar is currently the principal…" description: "\"The dollar is currently the principal reserve currency in the world.\" — Robert C. Solomon" image: "https://sms4smile.com/quotes/i/d78/robert-c-solomon-13743_currency_the-dollar-is-currently-the-principal-re_2873775.jpg" --- # The dollar is currently the principal reserve currency in… ![“The dollar is currently the principal reserve currency in the world.” quote by Robert C. Solomon](https://sms4smile.com/quotes/i/d78/robert-c-solomon-13743_currency_the-dollar-is-currently-the-principal-re_2873775.jpg) [Download](https://sms4smile.com/quotes/i/d78/robert-c-solomon-13743_currency_the-dollar-is-currently-the-principal-re_2873775.jpg) [Open image](https://sms4smile.com/quotes/i/d78/robert-c-solomon-13743_currency_the-dollar-is-currently-the-principal-re_2873775.jpg) > “The dollar is currently the principal reserve currency in the world.” [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The dollar serves as the dominant global reserve currency, used by central banks for international trade and finance. **In simple terms:** The dollar is the main world reserve currency. Key Takeaway Recognize the dollar’s global influence. Themes economics finance global trade Mood analytical neutral Type factual informative When to use this quote - central banking - international trade - foreign exchange - investment decisions Key Concepts currency dominance monetary policy Questions to Reflect On - How does the dollar’s status affect emerging economies? - What alternatives exist? A Different Perspective Reliance on a single currency can create systemic risk. ★ ★ ★ ★ ★ No ratings yet [Currency](https://sms4smile.com/quotes/about/currency/) [Customer](https://sms4smile.com/quotes/about/customer/) [Dollars](https://sms4smile.com/quotes/about/dollars/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [The dollar is the reserve currency of the world.](https://sms4smile.com/quotes/barack-obama/the-dollar-is-the-reserve-currency-of-the-world/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I do think some digital currency will end up being the reserve currency of the world. I see a path where that's going to…](https://sms4smile.com/quotes/brian-armstrong/i-do-think-some-digital-currency-will-end-up-being-the-reserve/) [Brian Armstrong](https://sms4smile.com/quotes/author/brian-armstrong/) > [We are privileged that the dollar is the "currency of last resort" and the most important currency in the world. Global commodities are priced…](https://sms4smile.com/quotes/kabir-sehgal/we-are-privileged-that-the-dollar-is-the-currency-of-last-resort-and/) [Kabir Sehgal](https://sms4smile.com/quotes/author/kabir-sehgal/) > [The proposal for a new global reserve currency - or Special Drawing Rights - is a good idea for many reasons. Yes, for the…](https://sms4smile.com/quotes/joseph-stiglitz/the-proposal-for-a-new-global-reserve-currency-or-special-drawing/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty,…](https://sms4smile.com/quotes/robert-c-solomon/the-major-material-advantage-financial-advantage-from-having-a/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [Your image is your currency in this world.](https://sms4smile.com/quotes/charlotte-cotton/your-image-is-your-currency-in-this-world/) [Charlotte Cotton](https://sms4smile.com/quotes/author/charlotte-cotton/) > [“We have faces of notable figures printed on every currency in the world today. Isn’t that some form of idol worshipping?”](https://sms4smile.com/quotes/soroosh-shahrivar/we-have-faces-of-notable-figures-printed-on-every-currency-in-the/) [Soroosh Shahrivar](https://sms4smile.com/quotes/author/soroosh-shahrivar/) > [My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country.…](https://sms4smile.com/quotes/sam-zell/my-single-biggest-financial-concern-is-the-loss-of-the-dollar-as-the/) [Sam Zell](https://sms4smile.com/quotes/author/sam-zell/) > [The reserve currency can go up and down based on the market.](https://sms4smile.com/quotes/scott-bessent/the-reserve-currency-can-go-up-and-down-based-on-the-market/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has…](https://sms4smile.com/quotes/robert-c-solomon/if-a-currency-is-to-become-a-growing-an-increasing-reserve-currency/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will…](https://sms4smile.com/quotes/robert-c-solomon/another-question-has-been-raised-rather-widely-in-europe-in-japan-as/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro…](https://sms4smile.com/quotes/robert-c-solomon/the-reserve-currency-role-seems-to-add-prestige-to-an-area-and-some/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have…](https://sms4smile.com/quotes/robert-c-solomon/so-if-the-euro-if-euroland-is-to-become-a-reserve-center-if-the-euro/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [“Women are controlled by men like a currency of the world.”](https://sms4smile.com/quotes/bryant-mcgill/women-are-controlled-by-men-like-a-currency-of-the-world/) [Bryant McGill](https://sms4smile.com/quotes/author/bryant-mcgill/) > [The currency of this world will be worthless at our death or at Christ's return, both of which are imminent.](https://sms4smile.com/quotes/randy-alcorn/the-currency-of-this-world-will-be-worthless-at-our-death-or-at/) [Randy Alcorn](https://sms4smile.com/quotes/author/randy-alcorn/) ## More by Robert C. Solomon > [Spirituality can be severed from both vicious sectarianism and thoughtless banalities. Spirituality, I have come to see, is nothing less than the thoughtful love…](https://sms4smile.com/quotes/robert-c-solomon/spirituality-can-be-severed-from-both-vicious-sectarianism-and/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today…](https://sms4smile.com/quotes/robert-c-solomon/back-in-those-days-in-the-fifties-and-sixties-countries-had-balance/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty,…](https://sms4smile.com/quotes/robert-c-solomon/the-major-material-advantage-financial-advantage-from-having-a/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [ “\[W\]hat we also see in sex is a kind of submissiveness. But not a kind of submissiveness which is simply 'do what you like,… ](https://sms4smile.com/quotes/robert-c-solomon/w-hat-we-also-see-in-sex-is-a-kind-of-submissiveness-but-not-a-kind/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [“We choose our friends on the basis of, among other things, our conception of ourselves. That's not to say that friendship is narcissistic, it…](https://sms4smile.com/quotes/robert-c-solomon/we-choose-our-friends-on-the-basis-of-among-other-things-our/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [We also confuse trust with familiarity.](https://sms4smile.com/quotes/robert-c-solomon/we-also-confuse-trust-with-familiarity/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [The brain can be seen as a complex machine, like a gooey computer.](https://sms4smile.com/quotes/robert-c-solomon/the-brain-can-be-seen-as-a-complex-machine-like-a-gooey-computer/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [Trust and the ability to identify trustworthiness are not the same thing, although trust and trustworthiness are logically linked.](https://sms4smile.com/quotes/robert-c-solomon/trust-and-the-ability-to-identify-trustworthiness-are-not-the-same/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [“Nietzsche says very clearly all the way through his career that if you want to define human nature the first thing you must say…](https://sms4smile.com/quotes/robert-c-solomon/nietzsche-says-very-clearly-all-the-way-through-his-career-that-if/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [Familiarity can no longer be a necessary condition for trust.](https://sms4smile.com/quotes/robert-c-solomon/familiarity-can-no-longer-be-a-necessary-condition-for-trust/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts,…](https://sms4smile.com/quotes/robert-c-solomon/the-united-states-as-usual-has-a-sizable-deficit-in-the-current/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [Building trust begins with an appreciation and understanding of trust, but it also requires practice and practices.](https://sms4smile.com/quotes/robert-c-solomon/building-trust-begins-with-an-appreciation-and-understanding-of-trust/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [All trust involves vulnerability and risk, and nothing would count as trust if there were no possibility of betrayal.](https://sms4smile.com/quotes/robert-c-solomon/all-trust-involves-vulnerability-and-risk-and-nothing-would-count-as/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [Building trust means thinking about trust in a positive way.](https://sms4smile.com/quotes/robert-c-solomon/building-trust-means-thinking-about-trust-in-a-positive-way/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't…](https://sms4smile.com/quotes/robert-c-solomon/to-the-extent-that-the-united-states-has-i-don-t-like-the-word/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) [Explore all 48 Robert C. Solomon quotes ](https://sms4smile.com/quotes/author/robert-c-solomon/) ## More Currency quotes > [A man walks down the street. It's a street in a strange world. Maybe it's the third world. 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