U.S. Dollar To Be Reserve Currency For Years: IMF |
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November 19, 2009
The U.S. dollar will remain the world's primary reserve currency for many years or decades, an International Monetary Fund official said on Thursday.
The U.S. dollar will remain the world's primary reserve currency for many years or decades, an International Monetary Fund official said on Thursday.
Spokeswoman Caroline Atkinson's comments came two days after IMF Managing Director Dominique Strauss-Kahn said the world can no longer rely on a currency issued by a single country, and a new global currency may evolve out of the IMF's in-house unit of account, known as Special Drawing Rights.
"The managing director has said ... he expects the dollar to be the leading reserve currency for many years or decades," Atkinson said at an IMF media briefing.
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