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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3191 |
Essay's paper body
This is equivalent to US $802 billion at the exchange rates at the time. In other words, the euro surpasses the US dollar in terms of combined value of cash in circulation.
This issue has led to a shadow war between the EURO and the American dollar for the world's financial dominance.
1.3. The Shadow War
The undeclared war between the two currencies started almost immediately after the launching of the new electronic monetary system...
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The Shadow War
The undeclared war between the two currencies started almost immediately after the launching of the new electronic monetary system. Although, at the beginning, the EURO was very weak and it did not pose a threat for the dominance of the American dollar, analysts had expressed their agony and thoughts about the future of the American currency...
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