Monetary hegemony

financial-economic agreement reached in 1944

foreign currency held by monetary authorities as part of forex reserves

globally traded currency that serves as a reliable and stable store of value

competition between nations to gain competitive advantage by manipulating monetary supply

a currency that is widely used internationally

use of a foreign currency in parallel to or instead of a domestic currency

Group of countries that either pegged their currencies to the pound sterling, or actually used the pound as their own currency

controls imposed by a government on the purchase/sale of foreign currencies

commodity exchange, which opened its first phase on February 17, 2008

Petrocurrency (or petrodollar) is a word used with three distinct meanings, often confused:

use of US dollars around the world

the benefit for a country whose currency is the international reserve currency, who never has to face a balance of payments crisis, because it purchased imports in its own currency

economic and political concept in which a single state has decisive influence over the functions of the international monetary system

International currency