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US dollar losing hold as world’s currency

Posted on 31 May 2013

With each year the American dollar is shrinking in percentage as the world’s currency supply. The implications could mean a serious decrease in the dollar’s influence as countries around the world look for alternatives.
When compared to other prominent world currencies, the dollar has been experiencing a 15-year low. That’s according to the International Monetary Fund. And, this indicates that more countries are willing to use other forms of currencies to do business. Experts say it’s a fault of the US banking system and the Federal Reserve………………………………………..Full Article: Source

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