Is the world’s totemic currency fast loosing its hegemony? That the dollar is fast loosing its glitter has come forward in a recent online poll by the Wall Street Journal asking people which currency they would prefer to be paid in. The euro came on top, followed by the sterling, the Canadian [...]
Posts Tagged ‘dollar’
January 21st, 2012 - 1:22 pm § in News Of Economy
Dollar decline: Symbol of hegemony to shunned currency
January 20th, 2012 - 1:21 pm § in News Of Economy
China alarmed over declining dollar
China on Monday joined a group of policy makers in expressing concern over a weakening dollar – the world’s main reserve currency. Wen Jiabao, the Chinese premier, told a business audience in Singapore that it was becoming difficult to manage China’s $1,430 billion foreign exchange[...]