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Strategies & Market Trends : Asia Forum

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To: Rational who wrote (1941)	2/11/1998 4:54:00 PM
From: philv	Read Replies (1) of 9980

S. Acharya/Mohan: Re: US dollars in Foreign Countries: I am aware that much more paper dollars exists outside the U.S. than within, and much of world trade is conducted in $U.S. The question you posed about what might happen if these dollars are returned to the US is interesting. This is bound to happen to a certain degree when the EMU issues the Euro. What is curious to me is why the US has not put up roadblocks to the EMU and the proposed Asian equivalent. Looking forward, are these monetary blocks simply a step towards a common world currency? I would be interested in your views. Phil

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