The United States dollar status as the world’s single reserve currency will end by 2025, according to a new report by the World Bank. Read full article
The role of international currency, is a relative concept. I don't understand why people are concerned about it unless they are trading currencies for profit. I sometimes wonder if there should be only one currency.
It's only a major concern for the people in the United States who will see their standard of living go down..(Since the US Media has a enorm influance around the world, they will report as if it's the end of the world. Reality will show different...life goes on)
This news is about when a currently will finally topple the dollar. China is still most probably going to hit number 1 economy in 2016 but this does not mean all nations will automaticly dump all there US dollars in favor of a different currency right away.
Comments
Disclaimer & comment rulesweird..before it was 2016
May 18th, 2011 - 12:14 am - Link - Report abuse 0http://edition.cnn.com/2011/BUSINESS/04/26/us.china.economy/index.html
When this was originally 'news' it was 2030. Then China revised it. Then the US. Then China......and so on.
May 18th, 2011 - 11:51 am - Link - Report abuse 0The role of international currency, is a relative concept. I don't understand why people are concerned about it unless they are trading currencies for profit. I sometimes wonder if there should be only one currency.
May 18th, 2011 - 03:16 pm - Link - Report abuse 0It's only a major concern for the people in the United States who will see their standard of living go down..(Since the US Media has a enorm influance around the world, they will report as if it's the end of the world. Reality will show different...life goes on)
May 18th, 2011 - 06:29 pm - Link - Report abuse 0Money is just an idea, money doesn't exist, only in our imagination it exists.
May 20th, 2011 - 01:22 am - Link - Report abuse 0weird..before it was 2016
May 21st, 2011 - 12:47 pm - Link - Report abuse 0This news is about when a currently will finally topple the dollar. China is still most probably going to hit number 1 economy in 2016 but this does not mean all nations will automaticly dump all there US dollars in favor of a different currency right away.
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