{"id":375334,"date":"2026-09-02T22:00:22","date_gmt":"2026-09-02T21:00:22","guid":{"rendered":"https:\/\/www.newsisc.com\/videos\/is-the-world-giving-up-on-the-us-dollar-the-global-story\/"},"modified":"2026-09-02T22:00:22","modified_gmt":"2026-09-02T21:00:22","slug":"is-the-world-giving-up-on-the-us-dollar-the-global-story","status":"publish","type":"post","link":"https:\/\/www.newsisc.com\/videos\/is-the-world-giving-up-on-the-us-dollar-the-global-story\/","title":{"rendered":"Is the world giving up on the US dollar? | The Global Story"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/i4.ytimg.com\/vi\/wjRp5pJjjPg\/hqdefault.jpg\" alt=\"Is the world giving up on the US dollar? | The Global Story\"><br \/> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/wjRp5pJjjPg\" frameborder=\"0\" allowfullscreen><\/iframe> <\/p>\n<p>America\u2019s national debt recently hit a new milestone of $40 trillion. It is estimated that interest payments on the national debt are now the second largest expense in the US government budget, trailing only Social Security. How was the US able to borrow so much and for so long? One answer, according Harvard economist Kenneth Rogoff, is the US dollar\u2019s status as the world\u2019s reserve currency. <\/p>\n<p>In this episode, Rogoff &#8211; former Chief Economist at the International Monetary Fund &#8211; explains how the US dollar came to enjoy this hegemonic status, what being the world\u2019s reserve currency actually means in practice, and why he believes the dollar is now in decline.<br \/>\nSubscribe to our channel here: https:\/\/bbc.in\/bbcnews<\/p>\n<p>For the latest news download the BBC News app or visit BBC.com\/news<\/p>\n<p>#Economy #USDollar #Currency<\/p>\n<p>Timecodes:<\/p>\n<p>0:00 The US National Debt hit 40 trillion dollars<br \/>\n1:29 Introducing Professor Kenneth Rogoff<br \/>\n4:00 What amount is the US paying annually on its debt?<br \/>\n5:20 Why is the US the worlds reserve currency?<br \/>\n9:15 How the Bretton Woods Conference aided the US dollars dominance?<br \/>\n13:50 Has the US dollar faced any serious challengers?<br \/>\n17:03 Is a weaker dollar good for American businesses?<br \/>\n22:20 Which currency in 2026 poses the biggest threat to the US dollar?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>America\u2019s national debt recently hit a new milestone of $40 trillion. It is estimated that interest payments on the national debt are now the second largest expense in the US government budget, trailing only Social Security. How was the US able to borrow so much and for so long? One answer, according Harvard economist Kenneth [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":375335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[128810],"tags":[],"actors":[],"class_list":["post-375334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bbc-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is the world giving up on the US dollar? | The Global Story | News ISC Videos<\/title>\n<meta name=\"description\" content=\"Watch Is the world giving up on the US dollar? | The Global Story for free, here on News ISC. 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