Throughout the history of currency development, currency internationalization brings some risks to the host country, but the risk is far lower than the benefits. From the perspective of ordinary people, the high degree of internationalization of their own currency means that in the process of traveling, consuming and studying abroad, it is more convenient to pay in their own currency without going through tedious exchange procedures; from the government's point of view, the issuing country of international currency can finance the international deficit by issuing its own currency and levies a seigniorage tax relative to other countries, the benefits of which are self-evident. As a result, the currencies of many countries are scrambling to internationalize.
The main content of this text is explaining the result of currency internationalization.