If your currency is used to purchase oil…

A question from Yahoo! Answers:

What advantages are to a country whose currency is used by economies of the world to purchase oil?

If all the countries in the world bought oil with my currency, how is that an advantage to me?

There are no advantages. Not on the scale that matters anyway. Read “Who’s Afraid of the Euro” by Paul Krugman:

http://www.pkarchive.org/trade/seignor.html

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