Currency: Can Euro Replace U.S. Dollar as Reserve Currency?

The Bank of International Settlements, the bank for central banks, published a paper in 2006, titled “Euro as a Reserve Currency–a Challenge to the Pre-Eminence of the US Dollar.”

This is yet another document to consider as bellicose talk arises against Iran (for previous posts on Iran, please click the Iran category tag in the right column).

Advertisements

2 thoughts on “Currency: Can Euro Replace U.S. Dollar as Reserve Currency?

  1. Under the U.S. Consititution, Article 1, section 8. Congress has the power “to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures […]”

    For discussion of Congress’s oversight of the Federal Reserve Board, click here.

    Like

Comments are closed.