NPR logo

The Falling Dollar and Prestige

  • Download
  • <iframe src="https://www.npr.org/player/embed/16592895/16592882" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
The Falling Dollar and Prestige

Analysis

The Falling Dollar and Prestige

The Falling Dollar and Prestige

  • Download
  • <iframe src="https://www.npr.org/player/embed/16592895/16592882" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

With soaring oil prices and a weakening dollar, the prestige of the American currency seems to be fading. At a recent OPEC summit, Iranian and Venezuelan leaders suggested pegging the price of oil to the Euro instead of the U.S. dollar.

Daniel Yergin of Cambridge Energy Research Associates discusses high oil prices and a weak dollar with Andrea Seabrook.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.