Biggest Trade To The Dollar?

Question

What is the Country/Countries that one US Dollar is worth Millions in there money?

Answer 1

Actually if we measure by international exchange rate then none of the currency have such rates.

Formally you can use news agency information ans consider Zimbabwean dollar - but they discuss only purchasing power of it, not exchange rates.

Highest exchange rate values for US dollar has following currencies:

Cambodian Riel

Guinea Franc  

Indonesian Rupiah  

Iranian Rial  

Lao Kip  

Paraguay Guarani  

Sao Tome/Principe Dobra  

Turkmenistan Manat  

Zambian Kwacha

Zimbabwian Dollar

Answer 2

The dollar is also used as the standard unit of currency in international markets for commodities such as gold and petroleum (the latter sometimes called petrocurrency). Some non-U.S. companies, such as Airbus, which deal in globalised markets list their prices in dollars.

At the present time, the U.S. dollar remains the world's foremost reserve currency. In addition to holdings by central banks and other institutions there are many private holdings which are believed to be mostly in $100 denominations. The majority of U.S. notes are actually held outside the United States. All holdings of US dollar bank deposits held by non-residents of the US are known as eurodollars (not to be confused with the euro) regardless of the location of the bank holding the deposit (which may be inside or outside the U.S.)

Economist Paul Samuelson and others maintain that the overseas demand for dollars allows the United States to maintain persistent trade deficits without causing the value of the currency to depreciate and the flow of trade to readjust. Milton Friedman at his death believed this to be the case but, more recently, Paul Samuelson has said he now believes that at some stage in the future these pressures will precipitate a run against the U.S. dollar with serious global financial consequences

The dollar is the most important international reserve currency, followed by the euro. The euro inherited this status from the German mark, and since its introduction, has increased its standing considerably, mostly at the expense of the dollar. Despite the dollar's recent losses to the euro, it is still by far the major international reserve currency, with an accumulation more than double that of the euro.

In August 2007, two scholars affiliated with the government of the People's Republic of China threatened to sell its substantial reserves in American dollars in response to American legislative discussion of trade sanctions designed to revalue the Chinese yuan.

The Chinese government denied that selling dollar-denominated assets would be an official policy in the foreseeable future.

Former Federal Reserve Chairman Alan Greenspan said in September 2007 that the euro could replace the U.S. dollar as the world's primary reserve currency. It is "absolutely conceivable that the euro will replace the dollar as reserve currency, or will be traded as an equally important reserve currency."