Covid 19 - Collapse of US Dollar?

Covid 19 - Collapse of US Dollar US economy has been the most dominant economy since the end of World war 2. US dollar continues to be the store of value and safe haven for investors in times of risk aversion. 61% of the forex reserves of countries are invested in dollar denominated assets and 40% of world debt is denominated in US Dollar, as per IMF.  US dollar was created by Act of Federal reserve in 1913. At the time, US had overtaken Britain as the largest economy though Britain continued to hold its sway in world economy and most transactions continued to be done in Pounds. US dollar was pegged to Gold as were all the major currencies of the world. US was the major supplier of military equipment during world war and imported huge quantities of gold creating the largest reservoir on the planet. Bretton wood agreement put the seal on the US dollar as the reserve currency in 1944 when all major countries linked their currency to US Dollar while Federal reserve re-aff...