Dollar's Status As Reserve Currency Coming Under Increasing Pressure
From thelfb-forex.com
Nobel Prize-winning economist Joseph Stiglitz, the former World Bank chief economist, said on Thursday that the use of the dollar as a reserve currency was "contributing to the weakness of the global economy," and that a reserve currency system based on IMF Special Drawing Rights (SDRs), instead of the U.S. dollar, could be phased in within a year.
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