PARIS, June 22 (Reuters) – An increase in exports is needed for a sustained recovery in the United States and this may require an adjustment in the value of the U.S. dollar, IMF chief economist Olivier Blanchard said on Monday.
‘For the US, it is absolutely no question that a sustained recovery has to come from a large increase in exports, that may not be very easy to do. This may require fairly substantial adjustments in the dollar,’ he told a conference.
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De goudprijs stijgt de komende jaren naar 3500 dollar per troy ounce. Dat stelt Christopher Wood, aandelenanalist van de in Azië actieve broker en vermogensbeheerder CLSA.
Wood komt tot die conclusie door de koopkracht begin jaren tachtig te vergelijken met die van nu. Toen was er behalve sprake van een wereldwijde economische crisis, ook sprake van een zwakke dollar.
Op dit moment noteert goud onder de 1.000 dollar. Eind vorig jaar heeft goudprijs gepiekt net boven de psychologisch belangrijke 1.000 dollargrens.
By Alexander Nicholson
June 6 (Bloomberg) — The Inteational Monetary Fund said itâÂÂs possible to take the âÂÂrevolutionaryâ step of creating a new global reserve currency to replace the dollar over time.
The IMFâÂÂs so-called special drawing rights could be used as the basis for a new currency, First Deputy Managing Director John Lipsky told a panel discussing reserve currencies at the St. Petersburg Inteational Economic Forum today.
âÂÂThere are many, many attractions in the long run to such an outcome,â Lipsky told a panel discussing reserve currencies at the St. Petersburg Inteational Economic Forum today. âÂÂBut this is not a quick, short or easy decision,â he said, adding that it would be âÂÂquite revolutionary.âÂÂ
The SDRs would have to be delinked from other currencies and issued by an inteational organization with equivalent authority to a central bank in order to become liquid enough to be used as a reserve, he said.
ST. PETERSBURG, June 5 (RIA Novosti) – Gold could start playing a more important role in Russia’s reserves due to the influence of regional currencies, a Kremlin aide said on Friday.
Addressing the St. Petersburg Inteational Economic Forum, Russian President Dmitry Medvedev earlier said the structure of the global currency system would inevitably change with the increasing role of regional reserve currencies, and called for a reassessment of the potential role of gold in the global currency system.
“I do not think it [gold] will replace everything else – it would be naive and unjustified, but the growing role of gold amid the crisis could be a topic of discussions in the near future,” Arkady Dvorkovich told the TV channel Vesti.
He ruled out a retu to the gold standard monetary system.