How the US dollar becomes the international currency ?
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 Published On Apr 26, 2024

the history of the United States dollar, from its ascent to global supremacy to its current state of uncertainty. In this insightful video, we delve into the pivotal moments that shaped the dollar's dominance, starting with the Bretton Woods Agreement of 1944, which cemented its status as the world's reference currency backed by gold.

Learn how President Nixon's decision to abandon the gold standard in 1971 marked a turning point, unleashing a new era of economic dominance and speculation. Explore the repercussions of this decision, including the infamous "Nixon shock," which forever changed the landscape of global finance.

Discover the strategic moves made by the United States, such as Henry Kissinger's negotiation with Saudi Arabia to price oil exclusively in dollars, further solidifying the dollar's hegemony in international trade.

But as dissatisfaction with the dollar's dominance grew, so did the formation of the BRICS agreement, challenging the status quo and advocating for alternatives to the dollar-dominated system. Witness the rise of this formidable bloc comprising countries like China, India, Brazil, and Russia, and its impact on global trade and GDP.

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