A New Bank that Challenges the US Dollar's Reserve Status
By Liam Halligan
PostedJuly 22, 2014
As owner of the world’s reserve currency, the US has enjoyed a cushy spot in the global economy. But with the rise of a group of rival countries the dollar’s reserve status is under attack. And if it somehow gets knocked off its perch, the effects throughout the world (and in the US in particular) would be disastrous. Liam Halligan explains…