Wednesday, June 1, 2011

Bank of China is concerned for the dollar

If the American currency that will happen, Celestial will suffer first. According to a representative of the People's Bank of China Li Daokuey, the U.S. dollar will remain stable currencies in the coming year, and then, when the center of attention the problem will go away eurozone, investors will switch to the U.S., where things are much worse. "Maximum 1-2 years after the situation stabilizes debt eurozone, financial markets pay attention to the U.S., and then begin a sharp depreciation of the dollar value of U.S. government debt," - reports the words of a banker agency «Reuters». China is not in vain worries about the state of the U.S. currency - this country has the largest part of U.S. government debt. In mid-2010, Celestial had reserves of $ 2.64 trillion, nearly a third of whom are represented in the form of U.S. government bonds and America. The representative of the rating agency «Moody's» Stephen Hess confirmed that in the coming year 1,5-2 U.S. financial indicators should be stable, but what happens then - it is not clear - RBC reports.

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