New monetary system on horizon
- Published: 13 Oct 2012 at 18.52
- Online news:
The end of the US dollar's dominance is inevitable and the new international monetary order will be based on more than one key reserve currency, experts say.
The leader today, but for how much longer?
A multi-currency system would enhance trade and investment as it would help reduce obstacles, such as transaction costs, exchange rate fluctuations, and complexity in administration, said Chakkrit Parapuntakul, deputy permanent secretary for the Finance Ministry.
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