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Since 1450 there have been six major world reserve currency periods: Portugal 1450-1530; Spain 1530-1640; Netherlands 1640-1720; France 17201815; Great Britain 1850-1920; United States 1921-to-today. What is a reserve currency? The currency that is held in significant quantities by govern ments and institutions as a means of international payment, foreign exchange reserves and investments. The average length of those six world reserve currencies is 89.6 years. The U.S. has already raced right by that average and currently is at 103 years!
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