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Geithner sees dollar's reign lasting 'long time'
AFP
Wednesday, Oct 28th, 2009
US Treasury Secretary Timothy Geithner said Tuesday
the dollar would keep its status as the world's main reserve
currency a "long time."
Geithner, speaking to an investors conference in New York a
day after the dollar hit a 14-month low against the euro, said:
"The dollar will remain the principal reserve currency
for a long time."
The dollar has nosedived in recent months as investors turn
away from the greenback, considered a safe haven amid economic
uncertainty, amid a burgeoning recovery from a severe global
slump.
The dollar's status as the primary reserve currency has come
under fire as it weakens, particularly from China, whose foreign
exchange reserves surged to a global record of 2.27 trillion
dollars at the end of September.
Full
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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