e-Forex Magazine | Foreword | Currencies in movement ever heard about the Khaleeji project?

Foreword : Currencies in movement ever heard about the Khaleeji project?

First Published in e-Forex Magazine July 2009

Manfred Wiebogen

Manfred Wiebogen

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.

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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 traded.

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