Submitted by aresyves t3_127xmbp in explainlikeimfive
ThatsTooOP t1_jegf5x4 wrote
Reply to comment by aresyves in ELI5: why does the US need the dollar to be the only primary form of currency for oil? by aresyves
If you print more marbles in the toy trading game, their value decreases. Similarly, if a country prints more currency for trading, its value decreases, leading to inflation. In the case of oil trading, if the US prints more dollars, the dollar's value may decrease, and other countries may find a different currency to use for oil trading or create their own.
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