US dollar forecast to lose global dominance ...News

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US dollar forecast to lose global dominance
The greenback will inevitably lose its leading position in world finance, a central banker believes The US currency’s dominant position in the world economy will gradually decline over time, the head of the Philippines' central bank, Felipe Medalla, told RIA Novosti on Wednesday. Medalla called for the creation of a multi-currency world, although he noted that the dollar still has an advantage globally due to the enormous market for US government bonds. “We want a multi-currency world, but so far other currencies do not have the necessary international markets to support. This is the advantage of the US dollar – t

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