Capital controls are on the rise, according to reuters.
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Tag Archives: Dollar
News: IMF head, Dominique Strauss-Kahn, expects currency basket for reserves
The Globe and Mail is reporting that countries might move their foreign currency reserves to a basket of currencies such as Special Drawing Rights.
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Oil trade to remain tied to US dollar
Gulf and oil producing countries have denied plans to move trading of oil away from the US dollar to a basket of currencies.
News: Is the Dollar Doomed? (CNN, Apr 6, 2009)
The article Is the Dollar Doomed? by Michael Schuman appears on Time’s website (via CNN), April 6th, 2009.