The conditions that a country becomes must have are: ¢Ù the country occupies an important position in the world’s commodity export and capital export.
The country issuing such credit should have strong economic strength and occupy an important or dominant position in the international economic field.
¢Ú Have sufficient gold reserves.
This credit currency must have considerable stability.
Since any credit money itself has no value, to maintain its stability, it must be associated with gold, that is, it can be converted into gold under certain conditions according to certain rates.
¢Û Confirmation by all countries.
Although the currency of a certain country can be used as a means of payment between countries with close economic ties to each other, to be formally qualified as a reserve currency in the world, it needs to be recognized by all countries, which must be achieved through international agreement.
