This was an incredibly important agreement that was virtually totally ignored by the U.S. #1: China And Japan To Use Own Currencies In Bilateral TradeĪ few months ago, the second largest economy on earth (China) and the third largest economy on earth (Japan) struck a deal which will promote the use of their own currencies (rather than the U.S. The following are 10 reasons why the reign of the dollar as the world reserve currency is about to come to an end: Is There a Viable Alternative to the Dollar as the Reserve Currency?.dollar should continue to be so preeminent if the Chinese economy is about to become the number one economy on the planet. economy by 2016 China is sitting there and wondering why the U.S. This paragraph must be included in any article re-posting to avoid copyright infringement.]Ĭhina has the second largest economy on the face of the earth, and the size of the Chinese economy is projected to pass the size of the U.S. ), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Snyder in edited excerpts from his original article* entitled 10 Reasons Why the Reign of the Dollar as the World Reserve Currency I About to Come to an End. Words: 1583 Financial Site For Sore Eyes & Inquisitive Minds

dollar in international trade… is going to have massive implications for the U.S. dollars – but there are big changes on the horizon…Some of the biggest economies on earth have been making agreements with each other to move away from using the U.S. Today, more than 60% of all foreign currency reserves in the world are in U.S. Register in the top right hand corner of this page. Automatically receive the internet’s most informative articles bi-weekly via our free bi-weekly Market Intelligence Report newsletter (sample here).

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