Emerging economies are pushing to end the dollar's dominance. But what's the alternative?
One culprit for his troubles stands out: The U.S. dollar’s strength against the Nigerian currency, the naira, has pushed the price of garments and other foreign goods beyond the reach of local consumers. The price these days is running around 350,000 naira, or $450. Across the developing world, many countries are fed up with America’s dominance of the global financial system — especially the power of the dollar.
Source: yahoo.com
