The US Dollar Is NO LONGER “THE” Safest Trade Currency!

29 12 2006

FT.com / MARKETS / Currencies – Euro notes cash in to overtake dollar

Soon we will all be part of the EU:

The US dollar bill’s standing as the world’s favourite form of cash is being usurped by the five-year-old euro.The value of euro notes in circulation is this month likely to exceed the value of circulating dollar notes, according to calculations by the Financial Times. Converted at Wednesday’s exchange rates, the euro took the lead in October.

The figures highlight the remarkable growth in euro notes since their launch on January 1 2002, three years after the start of Europe’s monetary union, which in January welcomes its 13th member – Slovenia, the former Yugoslav republic.

“After the launch, we expected growth to stabilise – but it has continued over five years,” Antti Heinonen, head of the European Central Bank’s bank notes directorate, told the Financial Times.


Actions

Information

One response

15 06 2012
Ronaldinho

That is the precise blog for anybody who wants to seek out out about this topic. You notice so much its almost exhausting to argue with you (not that I truly would need…HaHa). You definitely put a brand new spin on a topic thats been written about for years. Nice stuff, simply great!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




%d bloggers like this: