Currencies in movement ever heard about the Khaleeji project?
Manfred Wiebogen looks at how the economic impact of globalisation
together with the current financial crisis may demand some
reorganisation in the world currency structure.
There is no doubt about it. The US-$ holds by far the biggest
market share as a traded currency according to the reported
figures published in: 'foreign exchange market turnover by
currency pair' by BIS. Just to interpret this tableau, one can
say that 88% of the overall traded FX volume involves the USD
whilst just 37% involves the EUR as the second largest currency
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