S & P: U.S. will remain the reserve currency, subject to the stability of markets
March 12, 2010 – 2:35 pmU.S. dollar will maintain its status as global reserve currency so long as the U.S. financial market will maintain stability, reported Bloomberg referring to the report of Standard & Poor's. Now dollar is "the most acceptable currency in the world." His role has not changed even after the global economic downturn that began in the U.S., the report says the head of committee of sovereign credit ratings of S & P, John Chambers (John Chambers). The dollar is supported by the highest credit rating of the United States, which greatly facilitates the authorities of that country's access to external capital markets, and also reduces the cost of servicing loans. "Widespread recognition of the dollar is the result of a strong U.S. economy, which, in our opinion, based on their size, flexible labor markets, and commodity markets. We can see that banks and capital markets in the ...
