Bretton Woods agreement

SINGAPORE (July 12): Some 75 years ago, the Bretton Woods agreement was signed, making the US dollar the world’s reserve currency. But now, there is talk of an alternative: China’s renminbi.

Seventy-five years after the Bretton Woods agreement was signed, making the US dollar the world’s reserve currency, there is talk of an alternative. The US’ weaponising of its currency may well accelerate the process.