“The dollar will remain the world’s dominant reserve currency and a strong U.S. currency is critical to lifting the world out of economic and financial crisis, World Bank President Robert Zoellick said on Tuesday.
Speaking at a newsmaker event at Reuters’ London office, Zoellick announced a $50 billion program to reverse a sharp drop in trade in the global crisis and urged G20 leaders to back the effort.
But he played down the chances of a dethroning of the dollar as the world’s leading currency.”
More at Reuters.