What is international money symbol?

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Why the U.S. Dollar Is the Global Currency

The U.S. Dollar Is the Strongest World Currency

The relative strength of the U.S. economy supports the value of its currency.

It's the reason the dollar is the most powerful currency. Around $580 billion in U.S. bills are used outside the country.

That's 65 percent of all dollars.

At the beginning of World War

That includes 75 percent of $100 bills, 55 percent of $50 bills, and 60 percent of $20 bills.

Most of these bills are in the former Soviet Union countries and in Latin America.

I, this standard ceased to exist and in 1920 countries

They are often used as hard currency in day-to-day transactions.

permitted greater exchange rate flexibility

Cash is just one indication of the role of the dollar as a world currency.

More than one-third of the world's gross domestic product comes from countries that peg their currencies to the dollar.

which however, did not last long and after the end of the World War II

the Bretton-Woods system has been implemented.

That includes seven countries that have adopted the U.S. dollar as their own.

This standard has been created as a result of numerous meetings between the World War II

Another 89 keep their currency in a tight trading range relative to the dollar.

winning states with the final conference taking place at the Hotel in Bretton Woods

The standard took the name of this last conference’s venue

Why the Dollar Is the Global Currency?

In August 15, 1971 Richard Nixon in his speech announced that the price of dollar will be no longer fixed against gold.