AnalysisEconomy / Finance

World Dollar Hegemony Is Ending, Will it Be A Good Thing?

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The end of world dollar hegemony is coming and hardly anyone in government is taking notice or even understands what this means.

Since the Bretton Woods Conference in 1944, the dollar has been the only currency accepted throughout the world for settlement of international trade accounts among nations.

Prior to 1944, physical gold was used for international settlement. When an exporter in country A sold goods to an importer in country B, country B would pay with its own currency.

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