When did the dollar become the reserve currency?
singleAnswer
1945
Reserve currency
When did the dollar become the reserve currency?
Reserve currency World currency History of the United States dollar International use of the U.S. dollar Triffin dilemma Petrocurrency Petrodollar warfare Bretton Woods system Australian dollar Special drawing rights
A <b>reserve currency</b> (or anchor currency) is a foreign currency that is held in 
significant ... Under this system the United States <b>dollar was</b> placed deliberately 
as the anchor of the system, with the US government guaranteeing other central 
banks ... Chinese yuan officially <b>became</b> a world <b>reserve currency</b> on October 1, 
2016. In the foreign exchange market and international finance, a world currency, 
supranational ... For decades the <b>dollar</b> has also been the world&#39;s principal 
<b>reserve currency</b>; in 1996, the <b>dollar</b> ... At the end of November, 2015, the 
Chinese renminbi <b>was</b> designated as one of the world&#39;s global currencies, and 
<b>became</b> one of the&nbsp;... For <b>foreign exchange</b> purposes, the set $20.67 per ounce value of ... Under the 
Gold <b>Reserve</b> Act the price of gold <b>was</b> fixed at $35 per ... for these pressures 
started to <b>become</b> too complicated to manage. Besides being the main currency of the United States, the American <b>dollar</b> is 
used as the ... The U.S. <b>dollar</b> is an important international <b>reserve currency</b> 
along with the ... It <b>was</b> established in 1973 for tracking the value of the USD 
against a basket ... own currency after <b>becoming</b> independent, having all used 
the U.S. <b>dollar</b>&nbsp;... The Triffin dilemma or Triffin paradox is the conflict of economic interests that 
arises between short-term domestic and long-term international objectives for 
countries whose currencies serve as global <b>reserve currencies</b>. This dilemma 
<b>was</b> identified in the 1960s by Belgian-American economist ... The use of a 
national currency, such as the U.S. <b>dollar</b>, as global reserve&nbsp;... Petrocurrency, is a neologism used with three distinct meanings, often confused: 
<b>Dollars</b> paid to oil-producing nations (Petrodollar or Petrodollar recycling)—a 
term invented in the 1970s meaning trading surpluses of oil-producing nations. 
Currencies of oil-producing nations which tend to rise in value against other ... As 
the world&#39;s dominant <b>reserve currency</b> the United States <b>dollar</b> has been a&nbsp;... The term petrodollar warfare refers to the alleged motivation of US military 
offensives as preserving by force the status of the United States <b>dollar</b> as the 
world&#39;s dominant <b>reserve currency</b> and as the currency in which oil is priced. The 
term <b>was</b> coined by William R. Clark, who has written a book with the ... country&#39;s 
exports <b>become</b> relatively more expensive for the rest of the world). The Bretton Woods system of monetary management established the rules for 
commercial and financial relations among the United States, Canada, Western 
European countries, Australia, and Japan after the 1944 Bretton Woods 
Agreement. The Bretton Woods system <b>was</b> the first example of a fully negotiated 
... <b>dollar</b> (which <b>was</b> a gold standard <b>currency</b> for central banks) as a <b>reserve</b>&nbsp;... The Australian <b>dollar</b> (sign: $; code: AUD) is the <b>currency</b> of Australia, including 
its external ... In 2016, the Australian <b>dollar was</b> the fifth most traded <b>currency</b> in 
world ... On 27 September 2012, the <b>Reserve</b> Bank of Australia stated that it had 
... with the US <b>dollar</b> for the first time since <b>becoming</b> a freely traded <b>currency</b>, 
trading&nbsp;... Special drawing rights are supplementary <b>foreign exchange reserve</b> assets 
defined and ... The number of SDRs in existence <b>was</b> around XDR 21.4 billion in 
August ... the <b>dollar</b> would have <b>become</b> a less attractive <b>foreign exchange</b> 
<b>reserve</b>&nbsp;...
1944
Reserve currency