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Miles
Lv 4
Miles asked in Social ScienceEconomics · 6 years ago

Could the BRICS or the SCO replace the US Dollar as reserve currency and how would that effect the US economy?

1 Answer

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  • pgreen
    Lv 6
    6 years ago
    Favorite Answer

    Why replace ? Several reserve currencies already coexist.

    The real issue is the lack of a global monetary standard.

    The dollar cannot be seen as such as it lacks the needed stability

    and reflects the monetary policy of only one country.

    Glbal monetary standard

    http://pgreenfinch.pagesperso-orange.fr/recupknol/...

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