Jim Rogers Urges People to Sell U.S. Dollar Holdings
Saudi minister warns of dollar collapse
The dollar could collapse if Opec officially admits considering changing the pricing of oil into alternative currencies such as the euro, the Saudi Arabian foreign minister has warned.
In an embarrassing blunder at the meeting in Riyadh, ministers' microphones were not cut off during a key closed meeting, and Prince Al-Faisal was heard saying: "My feeling is that the mere mention that the Opec countries are studying the issue of the dollar is itself going to have an impact that endangers the interests of the countries. "There will be journalists who will seize on this point and we don't want the dollar to collapse instead of doing something good for Opec."
The dollar's decline: from symbol of hegemony to shunned currency
The decline of the dollar, symbol of US global hegemony for the best part of a century, may have become so entrenched that some experts now fear it is irreversible.
After months of huge and sustained turmoil on the money markets, lack of confidence in the world's totemic currency has become so widespread that an increasing number of international traders are transferring their wealth to stronger currencies such as the euro, which recently hit its highest level against the dollar.
Dollar stays weak as Iran joins fray on greenback weakness
The dollar's woes continued for yet another day with Iran's call for oil cartel OPEC to recognise the currency's relentless falls highlighting just how far sentiment on the greenback has deteriorated
Dollars no good for the Taj Mahal
Foreign tourists to many of India's most famous landmarks will no longer be able to pay the entrance fee in dollars, the government says.
