World needs more reserve currencies – expert
Published: 26 March, 2009, 16:51
Edited: 04 August, 2010, 03:16
Now the U.S. economy is not the dominant one as it has been in the past. Therefore, Roger Munnings, from accounting giant KPMG believes there is a need for more reserve currencies around the world to provide stability.
2 COMMENTS
This may have been a good idea last year . Now , as we have seen the U.S. speculators made a concerted effort to drive down the value of the Euro by attacking Greece . There is a pattern here . Every time a country tries to price oil in a currency other than U.S. dollars , they are either attacked physically or financially !
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Yes i will agree for this.Dollar dreams are over.I think Russia,china,India,Japan and some other Asian nations can come with one Unique currency like EURO. that will dominate any other currency in the world.