Back to the future
Due to the Chinese president Hu Jintao’s visit to Washington, DC, focus has once again returned to the role of the US dollar as a world reserve currency. After all, Hu had sounded self-confident in the run-up to the visit, referring to the current dollar-dominated currency system as a product of the past. Even if the discussion misleadingly suggests the existence of a specific currency system, which could change (in fact there is no such system at all), it is not a new one.
Difficult data
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