Briefing from ROAPE Volume 26 Number 79
New Euro Challenges Dollar Hegemony/Impact on SADC

The Euro, a common currency for 11 of the 15 member countries of the European Union (EU), was launched at the beginning of this year, marking an end to the US dollar's century-old hegemony as the leading reserve and trading unit.&break; The historic occasion received widespread media coverage in Europe, the US and Asia. However, very little has been explained about the possible impact of the fledgling currency to southern Africa despite the fact that the EU is the region's largest trading partner in the world ...