Why Dollar Is A Global Currency?

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The US Dollar's status as the primary international currency stems from a combination of historical strength after World War II, the Bretton Woods Agreement, and the United States' pivotal role in global trade and finance. Its widespread use in international transactions, deep financial markets, and the perception of stability further solidify its dominance, alongside the political and military influence of the United States, making it the preferred reserve currency and a common medium of exchange globally.

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About the Channel:
Nitish Rajput firmly believes that there are adequate tools available online, and people can be brought together, informed, and educated collectively.
Social media and the Internet have the power to create any narrative but this channel will use the same to curate a healthy, informative narrative that can genuinely benefit people in forming an opinion that is backed by facts and uncompromised information without any bias. Nitish Rajput wants to empower and facilitate people to challenge atrocities and become more vocal about issues plaguing Indian society.
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[NitishRajput]

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[AnkitSingh-tetz]

I can't even imagine how long it's take to collect all data and knowledge and deliver in one video, you deserve hat's off.. Keep it bro

[vernikagupta]

This is better than watching a movie..full goosebumps you give nitish...hats off. Thank you for bringing change.

[sharanabasappajawalgi]

This is India’s no nonsense only data channel. Great job Nitish Rajput

[surjeetsingh]

This is very detailed. Explains everything, Trade, Barter, Currency, Oil, Dominance of USD, SWIFT, Sanctions.
Well done @NitishRajput and team.

[TechhGuruIndia]

Key Points of Video with Summary 😊
00:01 US dollar as global currency impacts geopolitics significantly.
02:00 Gold and silver were used for trading to overcome the perishable nature of goods.
05:45 The international trade system was based on paper currency reflecting gold reserves.
07:32 US Dollar became international currency due to World War I and economic strategies.
11:35 In 1944, the US proposed using US dollars as the global currency backed by gold.
13:35 US Dollar is used as international currency due to its advantages
17:19 US Dollar became the international currency for oil trade due to security and economic agreements with Saudi Arabia.
18:56 US dollar used as international currency due to gold standard and stability in gold market.
22:25 The global trade dominance and influence of the US dollar after the Nixon Shock.
23:57 The US used its power to maintain the US Dollar as the primary currency for oil trade.
27:50 US dollar's control is a weaponized geopolitical advantage.
29:46 US Dollar's impact on international trade and sanctions
32:59 BRICS currency emerging as an alternative to US dollar

[TusharHossain]

I think this is one of your best video. Every finance student has to watch this video. Love from Bangladesh.

[AhmadAli-byzn]

Today i find out how America is called a superpower
Thanks for informing us in simple explanations ❤❤❤❤❤

[i_mkrenil]

27:34 Nitish ain't got chill. "Come after lunch"😂😂😂😂

[vaibhavsrivastav]

This is why we say us economy can't grow without war

[mattras]

I have got all the doubts clear during my college days only after watching this video!! Wonderful explanation!! Hats off to you!!😊

[Xasfocus]

I always thought it would be boring after watching the thumbnail of your video but when I play the video and watch it for 2-3 minutes I start enjoying it because you explain things so well and there is something new to learn. I have received it, thanks, , , Nitish bhaiya.❤️

[tattitatti]

Evolution of money:
- Commodity money (barter system)
- Metallic money ( gold, copper, silver coins)
- Paper money (Currency)
- Plastic money (Debit card, Credit card)
- Digital money

Well explained Nitish sir👌👌

[Shakti]

Current I am in 12th from commerce stream.... Just few weeks ago we read a chapter named Foreign Exchange in Economics... We got to know about Bretton Woods Standard and the Gold But after watching your video this concept is crystal clear to me 😊all thanks to u i could connect to such an extent... Being a commerce student, i got benefit to relate with the videos that u make on finance and Geopolitics... Thank u for always updating us😇keep it up the good work!!

[Rwasscexam]

No one beat nitish rajput as truth 😊😊❤❤

[foreverything]

We definitely need a BRICS currency; the US monopoly needs to come to an end. The US is no one's friend

[Harleen-kour]

It was a topic in economics of class 12th and I never understood this gold standard system and why dollar was used as international currency but thanks to nitish sir now I have understood this really well

[sfhusain]

It was epic when Jayshankar said that European problem is world problem and other countries problems their own problems.

[ManishShukla]

History, Science, Sports, Religion, Politics, Movies, Business Whatever the topic is Nitish Rajput
Explains it in a simple manner...Keep it up sir ❤

[amotivationwithfacts]

We really need this type of education(world trade affairs)