18
May
World Bank sees end to dollar’s hegemony
18 May 2011 The Financial Times
The World Bank expects the US dollar to lose its solitary dominance in the global economy by 2025, as the euro and the renminbi establish themselves on an equal footing in a new “multi-currency” monetary system.
The shift will be driven by the increasing power and strength of emerging market economies, with six countries – Brazil, China, India, Indonesia, Russia and South Korea – accounting for more than half of global growth in 14 years.
http://www.ft.com/intl/cms/s/0/00da6b1a-80a6-11e0-85a4-00144feabdc0.html
