It’s the gold standard.
The US gold standard is the United States and the United Kingdom reached a consensus on the dollar standard system in 1944, and 44 countries joined and signed the Bretton Woods Agreement.
The dollar assumed the obligation to exchange gold for officials, stability was achieved, and institutions were implemented.
The US dollar gold standard is the double linkage principle of the Bretton Woods system, which makes the US dollar equal to gold and is the representative or equivalent of gold.
Countries cannot exchange gold directly, but can only exchange gold indirectly through the dollar, thus determining the centrality of the dollar in the international monetary system.
Under this system, all countries in the capitalist world pay their foreign trade deficits and foreign debts in dollars rather than gold as the main means of international payment.
Many countries use the US dollar as the main, and some countries even use the US dollar as a preparation for issuing their own currency, so it is called the International gold exchange Standard, the US dollar standard and the gold Dollar Standard.
