Many countries cannot borrow money or pay for foreign goods in their own

currencies—since much of international trade is still done in dollars—and therefore

need to hold reserves to ensure a steady supply of imports during a crisis and
assure creditors that debt payments denominated in foreign currency can be made.

Low borrowing costs stemming from issuing a reserve currency may prompt loose
spending by both the public and private sectors, which may result in asset bubbles
and ballooning government debt.

What is the problem with reserve currency?

A country that issues a reserve currency must balance its interests with the
responsibility to make monetary decisions that benefit other countries. Another
reserve currency replacing the dollar would increase borrowing costs, which could
impact the United States' ability to repay debt.

Major exporters of gold

Switzerland. At the top spot is Switzerland, which exports $63.78 billion of the
precious metal annually.
United Kingdom. $10.13 billion.
United States. $10.13 billion.
South Africa. $17.88 billion.
Australia. $16.09 billion.
UAE. $15.37 billion.
Canada. $12.92 billion.
Hong Kong. $12.08 billion.

Major exporters of Oil

Saudi Arabia
Russia
USA
Iraq
Canada
Kuwait
Iran
Venezuela
Nigeria

Saudi Arabia faces a difficult juggling act between implementing oil production cuts
and the blow to its crude-reliant economy. Losses incurred by trimming production —
and, indirectly, marketing volumes — could be partially offset by increases in
Riyadh's sale prices and in the global oil prices that underpin them