I was wondering..

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Reblogged from titocosta
“ I am often asked whether the ongoing decline of the dollar implies that it can no longer serve as a reserve currency. My short answer is that most countries no longer hold dollars and other currencies as traditional reserves. The role of foreign exchange balances has changed from being short-term funds used to bridge export-import gaps to being long-term investment funds. In this new world, the dollar has shifted from being almost the sole “reserve currency” of many countries to being the primary “investment currency”, a role that it will continue to play far into the future. FT.com / Comment / Opinion - The dollar’s fall reflects a new role for reserves (via titocosta)

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  1. iwaswondering reblogged this from titocosta
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