Is the dominance of dollar ending?
Thanks to recession and fall of certain big financial giants, US of A was forced to take certain drastic economic decisions. Dollar has been losing its foothold it used to have with trampling effect. Sadly, its greater dip has taken its toll on many dependent economies of the world. Moreover, countries with huge repositories in USA like China are facing the brunt of having their assets devalued all the time.
It may take a miracle or something close to that in bringing dollar to its previous glory. There are many global meetings going on to either strengthen dollar through crude policies or look for other alternatives in solving this.
There are even talks of creating a global currency but that is too far-fetched an option. Since for that, each abiding country has to be equated to a base level financially. Whatever happens in near future, for now dollar is no longer the king.
