Canadian Currency To American Currency

Calls are getting louder to create a new global reserve currency in the current financial crisis which began in 2007 with the crisis of sub-prime mortgages in the United States.

The instability of the international financial system has uncovered several weaknesses in regulation strategies as well as the organization of the financial institutions, such as the IMF, the International Monetary Fund. Especially the American economy has been deeply hit by the crisis and faces severe distrust from other nations, specifically China, its major asset holder with about $1000 billion US of foreign trade volume. The insecure value of their foreign assets in USD is making Chinese analysts uneasy.