Dumping the dollar: Why it's time to diversify

Friday, July 16, 2010

Imagine a world without the almighty greenback as the main reserve currency.

It's not an easy thought. The U.S. dollar has long been the global currency of choice. As much as 64% of the world's currency reserves are held in greenbacks, according to the IMF.

But given the manic ups and downs of the dollar in recent years, it may finally be time to diversify the world's reserves. And that's exactly what some central bankers around the globe are now doing.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

42 out of 45 bodies of Limpopo bus crash victims identified

Boikanyo Mathonsi | 5 h ago

Civil Society threatens court action over constitution amendment

Innocent Selatlhwa | 7 h ago

Coaches take jabs ahead of derby

Kabelo Boranabi | 8 h ago

Civil Society threatens Masisi with legal action

Innocent Selatlhwa | 10 h ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More