The U.N. Department of Economic and Social Affairs commented in a recent report that the US dollar is unreliable to serve as an international currency; a more reliable and stable unit should replace the US dollar. This comment was brought forth after the fall of the US economy in the recent recession as the dollar was viewed with concern as the international trade currency. The UN report commented that the US dollar is not as stable as it needs to be as an international reserve currency. It was proven as an unstable storage of value that can affect international trade. A lot of … [Read more...]