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Euro replaces Dollar as worlds favorite cash
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12-28-2006, 12:53 AM
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Fdhwzctl
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Euro replaces Dollar as worlds favorite cash
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. As the sun sets on the American Empire, with the dollar in retreat, along with American power and prestige, are we ready to take our place as "just another country", rather than the world's dominant power?
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