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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
Financial Times 
June 28, 2011
The US dollar will lose its status as the global reserve currency 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 , 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.
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URLs in this post:
 Financial Times: http://www.ft.com/cms/s/0/23183a78-a0c6-11e0-b14e-00144feabdc0.html#axzz1QZ2J7kM0
 the global reserve currency : http://www.ft.com/cms/s/0/c1cd29c2-33c9-11e0-b1ed-00144feabdc0.html
 previous years: http://www.ft.com/cms/s/0/c897518a-7e5f-11df-94a8-00144feabdc0.html
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