Fri, Sep 30, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

US dollar may soon be replaced as world currency

Posted on 21 October 2013

Playing a game of brinkmanship, the United States government may just end up hurting itself as other countries start to plot out long-term strategies to find replacements to the greenback as the world’s de facto currency.
A senior official of the Philippines’ central bank said that the US government risks losing its “exorbitant privilege”—being the issuer of the world’s most used currency—if its polarized Congress were to continue flirting with disaster by waiting to resolve a potential crisis at the eleventh hour………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 47920 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
September 2016
S M T W T F S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930