UN: Ditch the dollar as a reserve currency?

U.N. panel says world should ditch dollar.

LUXEMBOURG (Reuters) – A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar. ….



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One Response to “UN: Ditch the dollar as a reserve currency?”

  1. worzzz Says:

    [b]Dollar falls to NIS 4.02 after Fed announcement. [/b] (22-3-09)

    The dollar continued to weaken Friday as the greenback fell another 0.64% against the shekel to reach a representative rate of NIS 4.024. For the week the dollar fell 4.5% against the shekel.

    The U.S. currency’s moves against the shekel however, were really only a reflection of what happened in world forex markets: Just 10 days ago the dollar was trading at $1.26 to the euro and on Friday it hit $1.36 – [b]an 8% drop over those 10 days. …[/b]


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