Under the Bretton Woods system the international reserve currency was the

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Under the Bretton Woods system, which was in place from 1944 to 1971, the U.S. dollar was established as the international reserve currency. This meant that other countries held large amounts of U.S. dollars as a means of trade and investment, and the value of their own currencies was pegged to the value of the U.S. dollar. This system helped to stabilize international trade and investment, but it eventually collapsed due to economic imbalances and inflationary pressures on the U.S. dollar.

Under the Bretton Woods System the International Reserve Currency Was