If countries change their reserves from US Dollars to Euro will it affect the value of the US Dollar?
As a layman not very conversant with economics I wish to know
Extra tags:
- changed reserves to euro,countries switch to the US dollar,us dollar will change,what countrys will not exchange american dollar,wich countries use dollars and how can chance to euros,will euro = 1 5 dollars
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Tagged with: conversant • Economics • layman
Filed under: Currencies
If the shift is sudden the US Economy may be adversely affected. A gradual shift (which is already happening) to a different currency, the US economy will be able to make the necessary adjustments.
Dollar will fall down like a meteor. Euro will go up like a rocket.