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Summary
The president of the World Bank said that Americas days as an unchallenged economic superpower might be numbered and that the dollar was likely to lose its favored position in international role. The United States would be mistaken to take for granted the dollars place as the worlds predominant reserve currency, the World Bank president, Robert B. Zoellick, said in a speech at the School for Advanced International Studies at Johns Hopkins. Added more he said, Euro can take place of Dollar. He said that the euro provided a respectable alternative for financing international transactions and that there was every reason to believe that the euros acceptability could grow. In the next 10 to 20 years, he said, the dollar will face growing competition from Chinas currency.
