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Dollar’s Depreciation Influence
2007-12-04 18:20:06 / 天气: 阴雨
/ 心情: 平静
/ 个人分类：Finance
Dollar’s depreciation pulls those nation with large amount of foreign exchange into predicament
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The sliding dollar has presented custodians of the world's massive foreign exchange reserves with a conundrum.
Countries such as China and those in the Gulf, which peg their currencies to the dollar, risk inflationary pressure that has the potential to trigger serious economic and social problems.
But any move to cut their links to the dollar could spark a run on the currency that would undermine the value of their reserves.
Global currency reserves have soared from $2,000bn in the second quarter of 2002 to $5,700bn (
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