Author(s): Rana Ali Jamil Anjas
The research problem lies in the instability of international exchange rates, which led to the necessity of forming the Bretton Woods Treaty and the dominance of the United States of America over international organizations, which negatively affects the economies of developing countries and their currency markets. In this paper we have demonstrated the impact of the Bretton Woods Treaty on the development of developing countries. Also, we have searched for the repercussions of monetary crises on developing countries. Furthermore, we have developed suggested necessary solutions and proposals that contribute to achieving exchange rate stability.