The U.S. dollar and the European Union euro are competing international reserves. Since 2002, the euro has increased its standing considerably, mostly at the expense of the dollar. The U.S. dollar was surpassed by the euro in terms of cash in circulation in December 2006. Many economists believe the euro will at some point replace the dollar as the world's primary reserve currency.
More Business and Management
More Business and Management
No comments:
Post a Comment