From the perspective of a global reserve currency over the past hundreds of years change,ASTM A106 Grade b SCH40 Seamless Steel Pipe a country's currency will not become the masters of the century ten thousand generation. Started in 2008 the global financial crisis and sustained the eurozone sovereign debt crisis has, including the world bank, most economists believe that just as the dollar replacing sterling, the dollar will eventually be more by the dollar, euro and renminbi currency system.
On business, the United States is the place that can not be replaced, not open around, which not only plays an important role in the international payments and foreign exchange transactions,Long Radius 90 Degree Bend Pipes what is more important as a reserve currency in the foreign reserve ratio is extremely high. From the IMF has released the official global reserve currency composition of foreign exchange (COFER) report, the total in the first quarter of this year the global foreign exchange reserves rose to about $11.86 trillion, in the allocation of foreign exchange reserves, the dollar accounted for 60.9%, will remain the dominant reserve currency.
But since the second half of 2013, the dollar reserve quarter by quarter decline to $3.76 trillion,HG20593-97 PN1.0MPa Raised Face Plate Flange Specifications and accounted for in the allocated reserve edged down from 61.8% last year to the current 60.9%. "If continue to fall, does mean that, by 2025, the dollar is going to be a secondary reserve currency, and the people's bank of China may accelerate the occurrence of such results, because its hold about half of the reserves in the world." Some economists think so.
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