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IMF chief: Dollar status in doubt if debt crisis persists

Posted By admin On July 29, 2011 @ 3:01 am In Money Watch | Comments Disabled

AFP [1]
July 29, 2011

WASHINGTON — IMF chief Christine Lagarde warned Thursday that failure to resolve the US debt crisis would likely raise “doubts” about the dollar’s status as the world’s prime reserve currency.

“It would probably entail a decline of the dollar relative to other currencies, and probably doubts in the mind of those people who reserve currencies as to whether the dollar is effectively the ultimate and prime currency of reserve,” she told PBS television in an interview.

Her comments, excerpts of which were released by the broadcaster, came as Republicans and Democrats remained locked in a showdown over rival plans to raise the US debt ceiling and stave off a looming default.

A Republican plan was expected to go to a vote in the House of Representatives later Thursday, but Democrats have warned it would be dead on arrival in the Senate.

Full article here [1]

IMF chief: Dollar status in doubt if debt crisis persists   150709banner2 [2]


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URLs in this post:

[1] AFP: http://www.rawstory.com/rs/2011/07/28/imf-chief-dollar-status-in-doubt-if-debt-crisis-persists/

[2] Image: http://www.prisonplanet.tv/

[3] New White House Petition Demands That Obama Mint A Trillion Dollar Coin To Avert A Debt Ceiling Crisis: http://www.prisonplanet.com/new-white-house-petition-demands-that-obama-mint-a-trillion-dollar-coin-to-avert-a-debt-ceiling-crisis.html

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

[5] Dollar seen losing global reserve status: http://www.prisonplanet.com/dollar-seen-losing-global-reserve-status.html

[6] 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

[7] Ron Paul: European Debt Crisis Threatens the Dollar: http://www.prisonplanet.com/ron-paul-european-debt-crisis-threatens-the-dollar.html

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