Global Games: World Bank Boosts the Buck

“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.

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