Monetary hegemony

Monetary Hegemony is when one country or group of countries has a lot of power and control over the money and financial markets of other countries. It's like one country is the boss of another country's money. For example, countries in the European Union use a common currency called the euro, which is managed and controlled by a group of powerful countries who are in charge of the financial decisions. They decide how the money is used and can make rules to keep other countries in line. This gives them a lot of power over the economies and finances of the other countries.