Dollar Doldrums

“Paper money eventually returns to its intrinsic value...zero.”
- Voltaire

Emerging nations are expected to discuss the replacement of the US Dollar with a new global reserve currency at next week's G8 meeting, representing what may become the most radical fallout of the current economic crisis.
China and Russia have been most vocal about a move away from the greenback, calling for a more ‘diversified' international currency system to facilitate global trade.
As the world's top holder of foreign exchange reserves, China renewed its call last Friday for the creation of a super-sovereign reserve currency to reduce the dollar's global domination, which it said had worsened the financial crisis.
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