Numerous Countries Have Recently Dropped The Dollar as Their Reserve Currency

Venezuela's state-run oil company begins demanding payment in euros as US dollar weakens

Rafael Ramirez said the initiative by Petroleos de Venezuela SA, or PDVSA, to charge euros rather than U.S. dollars was ''advancing,'' but not yet completed.

//tinyurl.com/2zsepo



Numerous Countries Have Recently Dropped The Dollar as Their Reserve Currency

In the past couple of years, the following countries have stopped using the dollar as their reserve currency or have dropped their currency's peg against the dollar.

//tinyurl.com/27kq6z



Federal Reserve slashes US rates

The Federal Reserve has cut US interest rates sharply in an attempt to restore confidence to nervous financial markets and boost the ailing economy.

//news.bbc.co.uk/1/hi/business/7303404.stm



Housing Construction Declines

In another sign of troubles in the beleaguered housing industry, construction of new homes fell by a larger-than-expected amount last month.

//tinyurl.com/2bysbq



Even experts can't grasp this crisis

Raise your hand if you don't quite understand this whole financial crisis.
//www.iht.com/articles/2008/03/19/business/19leonhardt.php


From Information Clearing House



//freepage.twoday.net/search?q=Venezuela
//freepage.twoday.net/search?q=dollar+weak
//freepage.twoday.net/search?q=reserve+currency
//freepage.twoday.net/search?q=financial+markets

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