Ask Question
2 July, 13:31

How did the US dollar become the worlds most popular and demanded currency?

+3
Answers (1)
  1. 2 July, 13:35
    0
    With growing concerns over the stability of the dollar, the countries began to convert dollar reserves into gold. The demand for gold was such that President Richard Nixon was forced to intervene and de-link the dollar from gold, which led to the floating exchange rates that exist today.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How did the US dollar become the worlds most popular and demanded currency? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers