Why should $ USD be the trading currency for all our international transaction?

All our international transaction occurs in USD %26amp; not in INR. This occurs no matter whom we trade with. For example we buy crude oil from Saudi Arabia, yet we pay them in $ %26amp; not in Rial or INR. Why should we use $ in payment, why not INR or some other country be the trading currency. This not the case with India, all over the world they do this. Other dominant currency is euro. But why should international monetory be controled by rich nations, why not it be poor nation. Why should a fate of one country be decided by other country ?|||Because the currencies you mention are considered "soft" currencies. "Hard" currencies like the U.S. Dollar and Euro are more widely traded on currency exchanges and are more liquid currencies. Also they are a preferred reserve currency because of the large size and stability of their economies. That's why some commodities like oil are bought and sold in $ or Euro, because the people selling the oil prefer $ or Euro.|||Because the inflation in your country is too high at 5.3% and the unemployment in your country is too high at 7.8% and your exports are too small at $125,000,000,000.00 USD and your imports are too high at $187,500,000,000.00 USD.





You need to reduce your imports and increase your exports and maybe one day the rest of the World will dance to the beat of your song.





Only you can decide the fate of your country.





I suggest you to sell more domestic things and buy less foreign things.|||Salad dressing