Post by Eric Gajewski on Sept 2, 2015 13:48:31 GMT
TradCatKnight: “New World Dollar” Coming?
The International Monetary Fund is expected to a new reserve currency alternative to the US Dollar. The dollar’s role as the world’s primary reserve currency helps all of us Americans by keeping interest rates low. Foreign countries buy United States Treasury debt not just as an investment, but because dollar-denominated assets are the best way to hold foreign exchange reserves. And on Oct 20th of this year, the IMF is expected to announce a reserve currency alternative to the U.S. dollar, which will send hundreds of billions of dollars moving around the world, literally overnight.
My Goodness...So many new changes coming to the upcoming world.
This new currency will definitely save Dollar more from being misused by several different regions over the world and also USA will be escaped from the trust of other economy slowdowns.I am quite excited to see this new venture coming up in action.It will also prevent some other Currencies like Chinese Yuan and GBP to keep its position and also not to create a useless competition between currencies.