08.12.2014 - Currency ties key to dollar reserve hegemony: BIS study
Changes in the size of a loosely defined global "dollar zone" could lead to faster than expected shifts in the composition of world currency reserves, potentially eroding the role of the U.S. unit, said a study published on Sunday. The study, part of a quarterly review by the Bank for International Settlements, argues the dollar's domination of reserves stems chiefly from the extent to which many currencies are tied either formally or through trade links like a dependency on oil or other dollar-priced commodities...............................................Full Article: Source
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