How Much a Dollar Cost

This article discusses the dominance of the U.S. dollar in global trade, tracing its roots to the 1944 Bretton Woods Conference, where the dollar replaced gold as the international medium of exchange. Today, the U.S. dollar accounts for 59% of global foreign exchange reserves, but its dominance is being challenged, particularly in emerging economies. Geopolitical tensions and economic pressures have led countries, including those in Africa, to explore alternatives to reduce reliance on the dollar.