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Dollar about to lose its special status

Posted on 15 January 2009

From Bdafrica.com: The crisis marks the passing of an era in which the US dollar has been the world’s undisputed reserve currency for making international payments and storing wealth.

The dollar is not about to lose its reserve status completely. But it is set to become less “special”. In future, it will increasingly have to share its reserve status with the euro, the yen and perhaps the currencies of the other advanced economies. In time, it may even have to share its status with China’s yuan….. Full Article: Source


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