This capability to borrow greatly without facing a significant balance of payments crisis is called the United States's exorbitant privilege. Struggling with an emerging currency crisis along with the imminent Hazard the United States would now not have the ability to redeem dollars for gold, gold convertibility was finally https://financefeeds.com/global-fx-market-summary-conflict-between-israel-and-iran-fed-ecb-economic-data-16-june-2025/