<P> After World War II , the international financial system was governed by a formal agreement , the Bretton Woods System . Under this system the United States dollar was placed deliberately as the anchor of the system , with the US government guaranteeing other central banks that they could sell their US dollar reserves at a fixed rate for gold . </P>
<P> After World War II , the international financial system was governed by a formal agreement , the Bretton Woods System . Under this system the United States dollar was placed deliberately as the anchor of the system , with the US government guaranteeing other central banks that they could sell their US dollar reserves at a fixed rate for gold . </P>
when did the us dollar become reserve currency
when did the us dollar become reserve currency
After World War II
After World War II