I am not fluent on world economy but I think factors such as the Mullahs of Iran now selling their oil, all 4.2 million bpd of it, in Euros must have some effect. This I believe has strengthened Euro against Dollar and Pound. The second factor I believe has to do with Dollar devaluation is the terrorists are in possession of very large sums of American Dollars, effectively taking the money out of the legal market and placing it in the black market. This may have forced the American treasury to print more Dollars, which contributes to further devaluation of Dollar. The solution: The American treasury should be replacing all Dollar Bills with new designs. This would make the ones kept under the mattress useless as it would re-energise and strengthen the Dollar. But what about the Iranians Mullahs dealing their oil in Euros? Any ideas how to solve that?
