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Commodities Briefing - Categorized | Currencies, People more

Roubini on greenback haters: Nowhere for ‘em to go

Posted on 24 March 2011

There’s been plenty of spilled pixels over the potential for the dollar to lose its status as the reserve currency.
Quick refresher: Being the reserve currency basically means the dollar is the currency institutions, most importantly foreign central banks, prefer to hold. The Journal’s David Wessel once put it this way: The reserve currency is the currency that foreign governments trust so much that they hold their extra money in it……………………………………….Full Article: Source


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