The euro is currently the second most commonly held reserve currency, comprising approximately a quarter of allocated holdings. After World War II and the rebuilding of the German economy, the German Deutsche Mark gained the status of the second most important reserve currency after the US dollar. When the euro was launched on 1 January 1999, replacing the Mark, French Franc and ten other European currencies, it inherited the status of a major reserve currency from the Mark. Since then, its contribution to official reserves has risen continually as banks seek to diversify their reserves and trade in the eurozone continues to expand.[18]
Former U.S. Federal Reserve Chairman Alan Greenspan said in September 2007 that the Euro could replace the U.S. dollar as the world's primary reserve currency. It is "absolutely conceivable that the euro will replace the US dollar as reserve currency, or will be traded as an equally important reserve currency."
Doesn't matter what you stuff under your mattress.
What does matter, is what other folks in other
countries stuff under their mattresses. And, how
long are those folks going to keep buying American
dollars so's obamba can provide 'free health care'
for American half wits?
How long will the rest of the world buy American
currency . . . when, every year, it becomes more
and more obvious America can not cover its debts?
Right now the Greenback is king - because nobody
trusts any other currency either. However, the
Euro has a shot at knocking off the Buck.
And, what happens if the Saudi's decide to create a
new 'world currency' based upon their oil reserves?
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