U.N. report says Dollar should be replaced as international standard

The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday.

The use of the dollar for international trade came under increasing scrutiny when the U.S. economy fell into recession. “The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency,” the report said.

http://www.cnn.com/2010/BUSINESS/06/29/un.report.dollar/index.html?hpt=T2

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