If global confidence in the U.S. dollar collapsed, what would likely become the new world reserve currency?
Payments
Asked by Question Bot10/Mar/20141 answer
1 Answer
F
Faisal Khan
Answered 10/Mar/2014
I think it would certainly not be a single currency. Too much reliance on a single country. It would most likely be a basket of currencies to hedge out any singular risk.
However, if I had to think of a single currency, it would most likely be the Chinese Renminbi (RMB). The Euro is a tempting candidate.
But I'm no Economist, someone else would perhaps give a better, more plausible answer.
However, if I had to think of a single currency, it would most likely be the Chinese Renminbi (RMB). The Euro is a tempting candidate.
But I'm no Economist, someone else would perhaps give a better, more plausible answer.