Video
What makes the U.S. dollar so powerful — and so problematic
The U.S. dollar is often seen as the world’s most trusted currency — strong, reliable, and widely accepted. However, for some countries, especially those in the Global South, that trust comes with significant trade-offs.
From rising import costs in Bolivia to the complex currency exchange systems in parts of Africa, the dollar’s global influence runs deep.
So, how did the dollar become this powerful? And what does it mean for countries that depend on it every day, even for transactions between neighbouring nations?
This story is written and edited by the Global South World team, you can contact us here.
