Saturday, March 28, 2020

Pandemic proves there is only one world reserve currency


The mighty dollar shows reserve currency dominance. Plus, India's banking troubles and travel industry under COVID-19.



Rich nations have spent more than $9 trillion so far on tackling the economic fallout from COVID-19. And more spending is on the way as governments try to ensure there is a functioning economy post the pandemic. 
The damage done is likely to surpass the financial crisis and maybe even the Great Depression. 
It is the worst economic crisis in the last 70 years.

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