SME Times News Bureau | 26 Mar, 2010
While the global economy is recovering swiftly from the worst financial crisis the world has seen since the Great Depression, an expert has warned about another crisis - a currency crisis.
"The next biggest problem may be a currency crisis. It is a possibility that the next crisis awaiting the world is a currency crisis," renowned currency expert and Non-Executive Director of Elara Capital, Avinash Persaud was quoted by a news agency.
Persaud is the Chairman of Intelligence Capital, a firm that advises governments of many G-20 countries on managing their finances and an expert member of the UK government's Treasury Group.
"The measures that were taken to bail-out countries from the financial crisis led to a fiscal crisis and a currency crisis can possibly erupt after this fiscal crisis," he was quoted.
The fiscal crisis brought about an increased burden on monetary policy and different countries met it in different ways, the expert viewed.
