Are We Witnessing the Demise of the Dollar?

Is the dollar's status as the world's reserve currency in jeopardy? How are U.S. officials responding? And should the average American be worried? A report in The Independent newspaper today, citing Gulf Arab and Chinese banking sources in Hong Kong, said that Gulf Arab countries -- joined by China, Russia, Japan and France -- are planning to move away from pricing oil in dollars to using an array of currencies including the Japanese yen, the Chinese yuan, the euro, gold, and a new unified...Full Story
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