21.12.2009 - Is the world in search of a new global reserve currency?
From Financialexpress.com: The world is showing a major shift in currency alignments. The dollarís dismal run post September 15, 2008 has added fuel to the call for a new global reserve currency. To check currency-value uncertainty and dollarís hegemony, countries are increasingly exploring an alternative that is less prone to volatility and also seeking ways to diversify portfolios. With the demand for a new currency order getting shriller, particularly from the BRIC stable, the idea has also found favour with Nobel Prize-winning economist Joseph Stiglitz, who heads a UN expert panel analysing the global financial crisis and recommending reforms......................................Full Article: Source
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