Comment on Michael J. Panzner: Anti-Dollar Contagion Gains Pace

Michael J. Panzner: Anti-Dollar Contagion Gains Pace

Yesterday, China's central bank posted an essay on its website calling for the creation of a new international reserve currency. Given that the Asian power now holds most of its $2 trillion of foreign currency assets in U.S. dollars, the news caused quite a stir on Wall Street and in Washington.

 

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