The iMPoRtance of this ... caN nOt be ... oVerStated or uNder * - TopicsExpress

The iMPoRtance of this ... caN nOt be ... oVerStated or uNder * RATed * Not only do 23 other central banks hold Yuan officially, twelve more have invested in Yuan without officially declaring so. The most dramatic point in the IMF report is the fact that the relative role of the US dollar in central bank reserves is rapidly declining. Yes, the dollar is still the largest reserve currency. But whereas in 2000 some 55% of all reserves worldwide were in US dollars, today it has declined to 33% articLe by: F. William Engdah ~ whO is a political economist specializing for more than thirty years in geopolitical analysis of global events. He is author of the international best-selling book on oil and geopolitics, A Century of War: Anglo-American Oil Politics and the New World Order ~ aNd ~ much mOre ~

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