24.03.2011 - Roubini on greenback haters: Nowhere for ‘em to go
There’s been plenty of spilled pixels over the potential for the dollar to lose its status as the reserve currency. Quick refresher: Being the reserve currency basically means the dollar is the currency institutions, most importantly foreign central banks, prefer to hold. The Journal’s David Wessel once put it this way: The reserve currency is the currency that foreign governments trust so much that they hold their extra money in it..............................................Full Article: Source
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