US dollar to remain dominant global currency despite its economic travails
flaca BN-0
2012/04/24 22:46:28
By Sanjeev Sanyal
Jan 11, 2012, 05.43AM IST
The relative economic decline of the US has led many economists and
policymakers to question the US dollar's position as the world's anchor
currency. Suggested alternatives range from a global reserve system to even a
return to gold. While recent efforts to internationalise the Chinese yuan have
only added to the expectation of a shift in the international monetary system,
we believe the US
dollar will remain the dominant
global currency for a long time to come.
http://articles.economictimes.indiatimes.com/2012-01-11/news/...
Sort By
- Tomus Megalomania 2012/04/25 02:29:36
fun timesreply - ETpro 2012/04/24 23:58:23+1What would replace it. A Chinese Yuan everyone in the world knows is a government manipulated currency? The Euro with the EC's current debt problems?reply
- Jackie G - Poker Playing Pa... 2012/04/24 22:56:48+1We are still hanging on by our fingernails - if we lower our debt we will remain but if it continues to climb at the current rate, we may well be behind Chinareply
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+2but the rest of the world doesn't trust China or its currency. Did you notice the alarm about us losing top billing has gone quiet?reply
- Jackie ... flaca BN-0 2012/04/25 14:30:11If we do not address our debt and spending, it will not matter - we will losereply
