Should the us currency be backed by gold

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Should the U.S currency be backed by gold? Recently the dollar has been losing value and there were a few countries advocating a change from using the dollar as the "international" currency (for example petroleum on the international market is bought and sold in U.S. dollars) to some other currencies such as the Euro. Do you see such change coming? What will be the consequence of such change?

Reference no: EM13205604

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