Calls grow to supplant dollar as global currency
07/07/2009 § Leave a comment
The questioning of the U.S. dollar as the key currency for central banks by a leader of a major European economy gives renewed life to the issue at this week’s Group of Eight summit meeting in L’Aquila, Italy. The U.S. dollar has long served as the dominant medium of exchange, and tends to dominate the official money reserves that countries hold through their governments and at their central banks.
Just think of all the expense restaurants in America are going to shoulder to again change all those menus to read ‘freedom fries’!