"Americans are accustomed to the idea that the dollar is good anywhere. Overseas, however, that guarantee carries less wight. In many countries, the dollar's value depends not just on global economic forces that move international currency markets, but also on the age, condition, and denomination of the bills themselves. Roughly 75% of the 5.5 billion $100 bills in print are circulating abroad."
In Some Places, US Money Isn't As Sound as a Dollar
by Michael Phillips
http://online.wsj.com/google_login.html?url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB116241659064510586.html%3Fmod%3Dgooglenews_wsj
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment