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When candidate Obama said, "Change you can believe in" - was he talking about this?
The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn.
More than half the managers, who were polled by UBS, predicted that the dollar would be replaced by a portfolio of currencies within the next 25 years.
That marks a departure from previous years, when the central bank reserve managers have said the dollar would retain its status as the sole reserve currency.
We'll be fortunate to have pennies leftover.
Posted by Peg on Tuesday, June 28, 2011 at 06:39 AM | Permalink
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