28.5.11

U.N. sees risk of crisis of confidence in dollar | Reuters

U.N. sees risk of crisis of confidence in dollar | Reuters: "'As a result, further (expected) losses of the book value of the vast foreign reserve holdings could trigger a crisis of confidence in the reserve currency, which would put the entire global financial system at risk,' it said.

The 17-page report referred at another point to the 'still looming risk of a collapse of the United States dollar.'"

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