Emerging Markets Seek to Dump the Dollar as World’s Main Reserve Currency
Mar 24th, 2009 | By Jason Simpkins | Category: Emerging Markets, Financial NewsEmerging markets, led by China and Russia, plan to jointly challenge the U.S. dollar’s role as the world’s sole benchmark currency at the April 2 meeting of the Group 20 nations – a move that underscores the currency’s weakness and fading support around the world.