GEOG 1001 Chapter : Euro
Document Summary
The german mark was the lead currency anchor when they began. The euro almost immediately became a major world currency. Since the 1940s the dollar has been the dominant currency in world trade. 800 billion dollars that are at state to be shifted from dollars to euros. The chinese central bank was the first to make a dramatic shift from dollars to. Large shifts like this have are large impact on either side of the pond the economic crisis has hit the euro very hard.
