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‘King Dollar’ Battered as Nations Seek to Dethrone it as World’s Reserve Currency

The U.S. dollar has been the world’s reserve currency since the Bretton Woods agreement in 1944, yet some economists believe the dollar’s reign could be in jeopardy.

If the dollar falls from its “throne,” you will feel it in your pocketbook.

There’s been plenty talk lately that the U.S. dollar could lose its reserve currency status.

A growing number of nations are turning away from the greenback as a payment currency. But that is a separate issue from whether the dollar will lose its reserve currency status.

If the dollar were de-throned as the world’s reserve currency, some have warned that we would see “soaring inflation” and a catastrophic drop in the American standard of living. Other economists, however, believe the effect would not be nearly that dramatic.

Experts not only fail to agree on whether the dollar is doomed to lose its reserve currency status, they also differ…

Read more at www1.cbn.com

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