Date: 5 months ago   Category: Economy

To dollar end: what currency applies for the post "under mattresses" Ukrainians?


Euro and yuans will try to force out dollar from the place of the main world currency
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Even more often messages about dollar crash began to appear. One of the reasons of his possible falling finding of "force" is considered other large currencies. Euros are considered as the main competitor of the American notes. The question is in whether will be this "force" enough. we Will start

anew: nearly 20 years ago euros were created as an alternative to the strengthened dollar. Over the years the European currency gained steam, and, appear, just about will come to level with "leader". But here in 2008 crisis which has strongly struck euro has come. The most interesting that this crisis has come from the USA, but for some reason it has helped to become stronger to dollar.

Explanation quite simple. Economists note that the USA is bypassed by the EU that they have the uniform political center which pursues quite consistent policy. The president of the States doesn't need to rush on rescue of financial tragedies on all edges of "possession". The European Union constantly should deal with the problems: bank crisis in Greece, in Spain the market to be derailed and so on. It is much important factor as the provision of reserve currency defines stability of his sponsor. the Main currency strategist of Saxo Bank investment bank John Hardy says

that euro has also other, economic reasons not to become the main reserve currency. The matter is that in the Union each country establishes personal tax policy which can differ from other EU countries radically. "The single currency, the uniform Central Bank - and at the same time isn't present the fiscal union (each country gives the debt which other countries theoretically don't need to pay), these are the different countries, though are integrated, - Hardy has noted. - The future of Europe won't be the status quo: or it will be the full fiscal union, or just free trade zone, but with other currencies circulating in parallel. Perhaps, some micro European Union will remain in the center, but other countries will gemmate, and everyone will be for herself. Now we in the first phase of this crisis, it will develop in the future". One more competitor to dollar is the yuan. It is considered that the biggest economy of the world will be able to compete with the American. Nevertheless, you somewhere see a line with yuans on all points of exchange nearby? Even at euro chances will be more. It is connected with the fact that planned character of this "the biggest" economies and the leading role of the Communist Party not in the best way affect desire of investors. vsluh.ru

In addition, the U.S. President can't influence dollar exchange rate. As the regulator in the matter the Federal Reserve System (FRS) acts. Nevertheless, even she can influence a course only through monetary methods, and that, not especially something will change it. "Dollar exchange rate in fact isn't subject even to FRS any more. And it really is pleasant to many participants of the world financial market. And here the Chinese yuan or the Ukrainian hryvnia, or even the Russian ruble very strongly depend from "руч

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