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By the 1860s, most industrialised countries had followed the lead of the United Kingdom and put their currency on to the gold standard.
People who live in a country that issues a reserve currency can purchase imports and borrow across borders more cheaply than people in other nations because they don't need to exchange their currency to do so.
By the end of the 20th century, the United States dollar was considered the world's most dominant reserve currency, and the world's need for dollars has allowed the United States government as well as Americans to borrow at lower costs, granting them an advantage in excess of $100 billion per year. However, the U. dollar's status as a reserve currency, by increasing in value, hurts U. exporters. The Dutch guilder emerged as a de facto world currency in the 18th century due to unprecedented domination of trade by the Dutch East India Company. However, the development of the modern concept of a reserve currency took place in the mid nineteenth century, with the introduction of national central banks and treasuries and an increasingly integrated global economy.
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The most visitors in a single day was Now about the ones you may not be aware of: Two "Qs" is for Queer and Questioning- among other users of the "questioning" is The Bell Kids Help line to assist Canadian children with telephone counselling Canadian CRC Editor: This article contains sexist wording that would never have been used had the rapist been a man and it was sex with the 14 year old female. REVERSE the genders on this story and see how it looks. George was acquitted of the charges because the trial judge found the sexual activity was "factually consensual" — that she honestly believed the boy was at least 16, and there was reasonable doubt she had not taken all reasonable steps to determine the age of "C.