Currency Wars Continue As IMF Concedes End To Dollar Hegemony
by GoldCore
ZeroHedge.com
03/10/2015
Currency Wars Continue As IMF Concedes End To Dollar Hegemony
– Dollar has declined as reserve currency over past decade from 70% of global reserves to 61%
– Chinese yuan is growing in stature as international currency
– IMF deputy director calls for de-dollarization in emerging markets
– Many countries have begun de-dollarizing
– BRICS development bank – rivaling the IMF and World Bank – is now operational
Currency wars and the growing trend away from dollar dominance in international finance, particularly in emerging markets, was highlighted in an interesting CNBC article this morning entitled “Is the Dollar Losing its Clout Among EMs?”
The Rest…HERE
