Tag Archives: Reserve Currency

Gulf of Mexico Oil Spill Blog U.S. Dollar Reserve Currency Decline

U.S. Dollar Reserve Currency Decline Why Dollar’s Reign Is Near An End For decades, the dollar has served as the world’s main reserve currency, but, argues Barry Eichengreen, it will soon have to share that role. Here’s why and what … Continue reading

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Gulf of Mexico Oil Spill Blog IMF Special Drawing Right Replace Dollar Reserve Currency

IMF Special Drawing Right Replace Dollar Reserve Currency Move to Replace Dollar as World Reserve Currency Hastening  Elizabeth Delaney China, Russia, even the United Nations have suggested it is time to replace the U.S. dollar as the world reserve currency. … Continue reading

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Gulf of Mexico Oil Spill Blog Renminbi Gaining as Global Reserve Currency

Renminbi Gaining as Global Reserve Currency The Renminbi Gains Acceptance Outside China by DAVID BARBOZA SHANGHAI — Now that it has passed Japan to become the world’s second-largest economy after the United States, China is considering the next step as … Continue reading

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Gulf of Mexico Oil Spill Blog China Stops Buying Dollars

China Stops Buying Dollars Why China hates loving the dollar By Martin Wolf The current international currency system is the product of the past.” Thus did Hu Jintao, China’s president, raise doubts about the role of the US dollar in … Continue reading

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Gulf of Mexico Oil Spill Blog US Dollar No Longer Reserve Currency

US Dollar No Longer Reserve Currency The End of the Dollar System The dollar reserve currency system is a “product of the past”—but what will emerge to replace it? By Robert Morley This week Chinese President Hu Jintao is being … Continue reading

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