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  • Sunday, February 27, 2005

    The US dollar's reign is coming to an end

    According to this article, from Pravda, because of the decisions of various countries to trade in other currencies rather than the US Dollar, the "greenback" is falling in value everywhere:

    The rate of the American currency is sliding on the world markets again. The USD has dropped against the euro, the English pound, the Swiss frank, the Japanese yen and the Russian ruble. Yet another reduction of the US dollar rate occurred because of the decision of the South Korean Central Bank to convert a part of its dollar reserves into euros.
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