![]() ![]() Why does the US dollar overpowers the rupee? What Do You Signify by Reserve Currency?Ī reserve currency can be any sort of currency that governments and institutions keep in large quantities. In this article, we will read about international reserve currency. ![]() Indian rupees are also less dominant than US dollars. But, due to its domination, the world cannot easily replace it. Most currencies can replace the dollar and become the reserve currency. The meeting was held in 1944 under the Bretton Woods Agreement, approved by 44 nations. The US dollar came to be the world’s reserve currency after a convention. ![]()
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