The WB president sees the influence of the dollar fall

"America would be wrong to assume the place of the dollar as the dominant reserve currency in the world," said Robert Zoellick.
United States will face a decline in the influence of its currency to the changes in the global economy, which inevitably reinforce other currencies, said World Bank President Robert Zoellick, in a speech inWashington.
"America would be wrong to assume the place of the dollar as the dominant reserve currency in the world," Zoellick said in his speech at the School of Advanced International Studies at John Hopkins University.

"Looking ahead, there will be more alternatives to dollar," said highlighting the emergence of the euro and slowly, the Chinese renminbi.
Overlooking the annual meeting of the World Bank and International Monetary Fund (IMF) this week in Istanbul, Zoellick said the financial crisis is This amendment to "power relations" and urged that greater voice to developing countries in multilateral institutions.
Zoellick welcomed the decision to promote the Group of 20 (G20) as the main block for international economic cooperation, as decided by those attending the meeting in Pittsburgh, Pennsylvania, on Friday.
They also agreed to establish a framework to monitor the economic policies of other countries in an attempt to make growth more "balanced" in the future.