Sunday, March 23, 2008

Dumping dollars

Numerous Countries Have Recently Dropped The Dollar as Their Reserve Currency

In the past couple of years, the following countries have stopped using the dollar as their reserve currency or have dropped their currency's peg against the dollar:
The following countries are rumored to be considering dropping the dollar as their reserve currency or terminating their currency's peg against the dollar:
As Assistant Secretary of the Treasury, and the "Father of Reagonomics", recently said: "The dollar’s reserve currency role is drawing to an end".

See also this article, this article, this report, this essay, this roundup, and this one.

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