News: The return of capital controls

Capital controls are on the rise, according to reuters.

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.

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.