Since the LIBOR is tied to transactions with notional amounts in the trillions of dollars, it has been called the "world's most important number".

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The LIBOR is a benchmark interest rate used in financial markets worldwide and is tied to transactions with notional amounts in the trillions of dollars, making it a crucial reference point for the global financial system. As a result, it has been dubbed the "world's most important number."

Since the LIBOR Is Tied to Transactions with Notional Amounts