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CNBC: Is the Dollar Dying? Why US Currency Is in Danger
Posted By Adan On February 15, 2013 @ 9:50 am In Economic Crisis,Old Infowars Posts Style,Tile | Comments Disabled
February 15, 2013
When compared to its peers, the dollar has drifted to a 15-year low, according to the International Monetary Fund, indicating that more countries are willing to use other currencies to do business.
While the American currency still reigns supreme — it constitutes $3.72 trillion, or 62 percent, of the $6 trillion in allocated foreign exchange holdings by the world’s central banks — the Japanese yen, Swiss franc and what the IMF classifies as “other currencies” such as the Chinese yuan are gaining.
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