laid at the beginning of the formation of such financial institutions as the international bank for reconstruction and developmenttional monetary fund, in fact, this led to the emergence of an international monetary system based on the dominance of the dollar for several decades, faith in the stability of the gold dollar firmly, village consciousness portraits of american presidents, printed on green paper. ordinary people and states began to collect it for everyone strange for issuing their own currency. it was necessary to have a certain reserve of dollars in their gold and foreign exchange reserves. the breton woods system was replaced by the jamaican system in 1976, the dollar was actually untied from gold, and countries continued to accumulate nothing, unbacked american paper. the main practical significance of the new system was the transition from fixed exchange rates, which were based on the gold content of currencies to floating currency exchange rates , the gold market has turned from the main money market into a kind of commodity market the ability to print unsecured money to redeem resources and minds

the international bank reconstruction and development and the international monetary fund, in fact, this led to the emergence of an international monetary system based on the dominance of the dollar forecades, faith in the stability of the gold dollar, and the consciousness of the portraits of american presidents printed on green paper grew stronger and stronger. ordinary people and states began to collect everything strange for her to issue their own currency. it was necessary to have a certain reserve of dollars of their gold and foreign exchange reserves. the breton woods system was replaced by the jamaican system in 1976, the dollar was actually untied from gold , and countries continued to accumulate nothing, unsecured american paper; the main practical significance of the new system was the transition from fixed exchange rates, which were based on the gold content of currencies, to floating exchange rates ; the gold market turned from the main money market into a kind of commodity the ability to print unsecured money to redeem resources and minds around the world for them became the foundation of the american economic miracle round-the-clock access to allowed the printing press

and that's how usaid is proceeding as we try to catalyze the involvement of the european bank for reconstruction development, the big international the private sector to be interested in coming back to those parts of ukraine that are relatively peaceful. and even to continue to make investments elsewhere. we just struck a public private partnership with bayer, which is building a new seat factory in ukraine, which is going to employ thousands of ukrainians. the more ukrainians are employed, the more revenue there is, the less assistance will need to come from up without. that's going to come from within and without. that's not going to be an on off switch. it's something we want more ukrainian refugees to be in a position to come home, to have infrastructure that awaits them, where they can live in buildings that have been repaired. but of course, the damage that some estimates is that that the damage has been 130 billion dollars if you take terrible land, homes hospitals, schools. so, this is gonna be mammoth undertaking. the other thing we want to do now is with an eye to those big ticket items, most of which will happen only w

bank for reconstruction development. this second structure was established, and there it was planned to create at that time such an organization as an internationalnderline international trade organization, which means, if with two, with the international monetary fund and the world bank. that's it, just how they would earn the post-war period, that means they gathered in the harbor. this is probably the year forty -six forty-seven. uh, that means 20 three countries on the establishment of this international e -trade organization. they signed an agreement. uh, so, uh, but this agreement was approved by president truman, but the congress is not the same as we did not ratify , and their congress did not ratify this organization, and until 1995 it existed as uh, which means the general agreement on trade and tariff, that is, this organization understand this agreement only in the ninety-fifth year, the world trade organization appeared on the base, but i want to talk about the goals of these three structures. uh, means, what does not have to do with the dollar. so these structures they supported the processes of globalization, which, in general , we