bethnals:
Dollar is world reserve currency. Most products on the international market are priced in dollars.

makeitsoon:


the op is asking why dollar is the world reserve currency?

wadetaw202:
Before the WWII, gold was used as means of foreign exchange and the value of a country's currency depended on how much gold reserve they have...that brought about the idea of Gold Standard.

But after WWII, the world economy was in shambles. The whole of Europe, which was dictating world economy then, went into postwar economic shambles. The only country flourishing and with a great measure of economic balance and strong and stable currency was the united states. This forced the world to adopt the strong and stable US DOLLARS as the currency for measuring world economic growth.

That was when the IMF was established-to borrow European countries money to rebuild their economies after world war II economical damaging effect. The IMF was US brainchild and also instituted by the US. And the monies they borrowed these European countries were in US dollars. That was how US stole European economy, since the European countries became indebted (by US dollars) to a US-controlled IMF. You will agree that stealing European economy is synonymous to stealing world economy. In one word, that was how Jacob overthrew Esau till today.

wadetaw202:
Before the WWII, gold was used as means of foreign exchange and the value of a country's currency depended on how much gold reserve they have...that brought about the idea of Gold Standard.

But after WWII, the world economy was in shambles. The whole of Europe, which was dictating world economy then, went into postwar economic shambles. The only country flourishing and with a great measure of economic balance and strong and stable currency was the united states. This forced the world to adopt the strong and stable US DOLLARS as the currency for measuring world economic growth.

That was when the IMF was established-to borrow European countries money to rebuild their economies after world war II economical damaging effect. The IMF was US brainchild and also instituted by the US. And the monies they borrowed these European countries were in US dollars. That was how US stole European economy, since the European countries became indebted (by US dollars) to a US-controlled IMF. You will agree that stealing European economy is synonymous to stealing world economy. In one word, that was how Jacob overthrew Esau till today.

wadetaw202:
Before the WWII, gold was used as means of foreign exchange and the value of a country's currency depended on how much gold reserve they have...that brought about the idea of Gold Standard.

But after WWII, the world economy was in shambles. The whole of Europe, which was dictating world economy then, went into postwar economic shambles. The only country flourishing and with a great measure of economic balance and strong and stable currency was the united states. This forced the world to adopt the strong and stable US DOLLARS as the currency for measuring world economic growth.

That was when the IMF was established-to borrow European countries money to rebuild their economies after world war II economical damaging effect. The IMF was US brainchild and also instituted by the US. And the monies they borrowed these European countries were in US dollars. That was how US stole European economy, since the European countries became indebted (by US dollars) to a US-controlled IMF. You will agree that stealing European economy is synonymous to stealing world economy. In one word, that was how Jacob overthrew Esau till today.