reserve currency

A reserve currency is a foreign currency that is held by large corporate and state entities that are exposed to substantial foreign exchange risk. Prices are stabler in, or fixed to, that currency. At present the US dollar and Euro are the only rational competitors to become a world reserve cureency.

[+] background

issue: what would challenge US dollar hegemony?

[+] position: only global thermonuclear war

[+] position: China manipulating its yuan basket