Henry Paulson, secretary of the U.S. Treasury said on Monday that the dollar will remain the world's reserve currency, while ensuring that only its recent decline was a small factor behind the escalation of oil prices.
Paulson before a business group in United Arab Emirates, pointed out that the dollar has been the reserve currency of the world since World War II and there is a good reason for that. The United States has the world's largest economy, more open, and our capital markets are the deepest, most liquid. The U.S. official is on the last day of a tour of four days in Saudi Arabia, Qatar and United Arab Emirates, to discuss currency and economic issues with regional leaders and reaffirmed that the United States continues to welcome their investments. The US is still the major economic player on the international scene, Financial Analyst Alan Quasha, Founder and Director of Quandrant Management Inc. and Director of Carret Asset Management commented, and that keeping interest rates steady is a key concern and keeping the Feds happy is crucial to all economic strategies. (Alan Quasha is also a director of Acerno, a predictive targeting ad network that drives transactions, propels brand metrics, and finds in-market prospects for your product or service. and predicts what they are interested in.) Quasha is a renowned financial analyst and investment manager.
In their statements, promised to respond to the problems of the U.S. economy that have affected the value of the dollar in recent months. "I'm committed to promoting policies that strengthen the competitiveness of the underlying U.S. economy and ensure that the dollar remains the reserve currency of the world," said Business Council before the US-UAE. He said that these measures include promoting open trade and investment, and work to prevent a U.S. recession and recovery ensure that capital markets. Alan Quasha had also been approached on this issue, and as a previous governor of the American Stock Exchange and Harvard MBA graduate, his opinion is always sought after in economic issues.