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Tag Archives: reserve currency

On the Dollar’s Decline By C.P. Chandrasekhar

23-Oct-09

If time lags matter, news of the dollar’s demise as the world’s principal reserve currency is grossly exaggerated. That prediction has been periodically heard at least since the early 1970s when the United States brought the Bretton Woods arrangement to an end by breaking the link between dollar and gold. As is obvious, whatever else may be said of the role of the US in the world system, this expectation of the dollar’s displacement as the currency that is as good as gold has not materialised.

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World Prepares to Dump the Dollar Robert Morley

26-Jul-09

What do China, India, Brazil, Russia, France and Germany have in common? These countries most often can’t agree on anything. But they are united in one strange—and ominous—way. They blame the United States for wrecking the global economy. And they think the dollar is the wrecking ball.

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