30.04.2009 - The future of reserve currencies
From FT: A growing band of emerging economies are voicing concerns over the dollar’s status as the world’s premier reserve currency. China has already announced an increase in its bullion holdings as it diversifies its reserves portfolio, and it has also suggested greater use of the International Monetary Fund’s special drawing rights (SDRs). At the same time, the current economic and financial crisis has raised market concerns about the structural integrity of the dollar’s chief competitor, the euro.......Full Article: Source
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