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Dollar seen losing global reserve status

Posted By admin On June 28, 2011 @ 3:11 am In Money Watch | Comments Disabled

Jack Farchy
Financial Times [1]
June 28, 2011

The US dollar will lose its status as the global reserve currency [2]over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn.

More than half the managers, who were polled by UBS, predicted that the dollar would be replaced by a portfolio of currencies within the next 25 years.

That marks a departure from previous years [3], when the central bank reserve managers have said the dollar would retain its status as the sole reserve currency.

UBS surveyed more than 80 central bank reserve managers, sovereign wealth funds and multilateral institutions with more than $8,000bn in assets at its annual seminar for sovereign institutions last week. The results were not weighted for assets under management.

Full article here [1]

Dollar seen losing global reserve status  030511banner3 [4]

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URLs in this post:

[1] Financial Times: http://www.ft.com/cms/s/0/23183a78-a0c6-11e0-b14e-00144feabdc0.html#axzz1QZ2J7kM0

[2] the global reserve currency : http://www.ft.com/cms/s/0/c1cd29c2-33c9-11e0-b1ed-00144feabdc0.html

[3] previous years: http://www.ft.com/cms/s/0/c897518a-7e5f-11df-94a8-00144feabdc0.html

[4] Image: http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM375/PR

[5] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[6] China To Challenge US Dollar Reserve Currency Status: http://www.prisonplanet.com/china-to-challenge-us-dollar-reserve-currency-status.html

[7] Central Bankers Brace for Euro Break-Up: http://www.prisonplanet.com/central-bankers-brace-for-euro-break-up.html

[8] As US dollar loses global reserve status, America won’t be able to keep printing new money: http://www.prisonplanet.com/as-us-dollar-loses-global-reserve-status-america-wont-be-able-to-keep-printing-new-money.html

[9] Has the Dollar ALREADY Lost Its Status As World Reserve Currency?: http://www.prisonplanet.com/has-the-dollar-already-lost-its-status-as-world-reserve-currency.html

[10] Dollar loses reserve status to yen & euro: http://www.prisonplanet.com/dollar-loses-reserve-status-to-yen-euro.html

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