India and Geopolitics

India and Geopolitics

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India and Geopolitics
The End of Dollar Hegemony
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The End of Dollar Hegemony

The "exorbitant privilege" of USD will be a thing of the past

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SL Kanthan
Dec 24, 2022
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India and Geopolitics
India and Geopolitics
The End of Dollar Hegemony
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Since the Bretton Woods agreement of 1944, Europeans and other developing nations have complained about the exorbitant privilege and tyranny of the US dollar. As the preferred currency of global trade and foreign exchange reserves, the USD bestows extraordinary power and wealth to Americans. However, in their desperation to sustain this unfair advantage…

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