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The US dollar's position as the world's primary reserve currency has endured for over eight decades, weathering numerous economic crises, geopolitical shifts, and challenges from emerging economies. Despite periodic predictions of its decline, the greenback continues to dominate international finance, trade, and central bank reserves. Understanding why this supremacy persists requires examining the complex interplay of historical, economic, and institutional factors that reinforce America's monetary hegemony.Historical foundation and the Bretton Woods LegacyThe dollar's reserve currency status originated from the 1944 Bretton Woods Agreement, which established a new international monetary system...

​​​​ST. PETERSBURGThe US dollar’s monopoly will slowly end as Washington is using it for political purposes, Andrey Kostin, CEO of the Russian VTB Bank, said in a recent statement.Kostin told Anadolu at the St. Petersburg International Economic Forum that sanctions imposed on Russia are illegitimate and the country is used to the treatment by the international community.“Sanctions are certainly bad, but we have to work regardless,” he said. Kostin stated that there has been a pause in sanctions on Russia during US President Donald Trump’s second term in office but...