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World Bank: "Financial Crisis Shifting Balance of Power"

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Uploaded by on Sep 30, 2009

World Bank president Robert Zoellick says the U.S. dollar's role as the world's reserve currency may be diminishing as a result of the financial crisis. Although he says the dollar will remain a major economic force, Zoellick says the balance of power is shifting. And as the global financial system evolves, Zoellick says other currencies, including the Euro and the Chinese Yuan could become increasingly attractive alternatives. VOA's Mil Arcega reports.

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