From the category archives:

world reserve currency

What Is the World Reserve Currency?

July 14, 2009 · 4 comments

in US dollar , currencies , foreign investment , forex , international economy , world reserve currency

Also known simply as a reserve currency, or less frequently, an “anchor currency,” the world reserve currency is more like a vehicle or container - like a 401(k) or RRSP - which can hold a certain currency inside.  In other words, there is no essential or necessary world reserve currency.  It could be any currency [...]

{ 4 comments }

Supracurrency Coin Proposed as United World Reserve Currency

July 12, 2009 · 5 comments

in US dollar , currencies , international economy , news and updates , world reserve currency

Is the supranational currency proposed by Russian President Medvedev for real?  At the G8 meeting in L’Aquila, Italy (July 8-10, 2009), Medvedev is reported to have brought a sample of a new “united future world currency” coin minted in Belgium and bearing the words “unity in diversity.”
According to Bloomberg, Medvedev said “the question of a [...]

{ 5 comments }