For the best answers, search on this site https://shorturl.im/S6Lim. The song War was written by Norman Whitfield and Barrett Strong for the Temptations in 1969. A year later, Edwin Starr sang the song we are all familiar with today and it hit #1 on Billboard in 1970. So the Temptations did in fact sing it first, but never had a big hit with it. Lisa Â· 5 months ago.
The Typical Duration of a World Reserve Currency. The reserve currency transition is a cycle that has typically lasted in history somewhere between 80 to 110 years. Officially, the US dollar has been the reserve currency for 68 years. However, the US dollar was used in trade much before, since the 1920âs in fact.
A reserve currency is a currency that is held in significant amounts by governments and institutions in order to help conduct transactions in the global market. The major reserve currency of the planet right now is the US Dollar, which composes upwards of 60% of all forex reserves.The Euro has grown in prominence over the past decade as a reserve currency, and now makes up nearly 30% of all forex reserves through the world.ommodities such as oil and gold are usually priced in a certain type of currency (US Dollars), meaning that governments need to have large pools of US Dollars (or Euros) in their foreign exchange reserves in order to engage in the buying and selling of these commodities.