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A little over a year ago on 1st November 2010 I wrote what I called “…a little bit of scurrilous speculation.” In it I speculated that an unintended consequence of QE had been to spur several countries to think very seriously of how they could replace the dollar as their settlement currency for international deals. The Settlement Currency just means the currency …
Read More »A new Reserve currency to challenge the dollar – What’s really going on in The Straits of Hormuz. By David Malone
