| |
Indonesia |
Indonesia considers dropping the dollar " Vice
President Hamzah Haz has supported an idea to use the euro
as an alternative means of payment in international trade and
a component of foreign exchange reserves..." Jakarta
Post March 31, 2003 |
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US economy |
" In part because the dollar has been strong,
we have been able to consume more than we produce and then to
make up the difference by borrowing from abroad. As a result,
our current net international debt has risen to $2.3 trillion,
or 22.6 percent of GDP. What would happen if a war in Iraq went
badly or if Islamic extremists gained ground in key oil-producing
states? Oil prices could rise and the dollar could fall,
inflicting a double blow to the U.S. economy from which it could
not easily recover." Ricardo
Bayon in Atlantic Monthly, January 2003 |
US
currency