The United Nations has warned of a possible crisis of confidence in — and even a “collapse” of — the U.S. dollar if its value against other currencies continued to decline.
In a midyear review of the world economy, the U.N. economic division said such a development, stemming from the falling value of foreign dollar holdings, would imperil the global financial system.
U.N.: U.S. dollar may collapse
by reform
May 31, 2011
In a midyear review of the world economy, the U.N. economic division said such a development, stemming from the falling value of foreign dollar holdings, would imperil the global financial system.
http://www.moneynews.com/StreetTalk/UN-US-Dollar-Collapse/2011/05/31/id/398247