When will Dollar collapse as the world reserve currency?

[Zappykins]

Kasz216 said:

Zappykins said:
The Euro.

Doesn't anybody remember that Iraq was going to switch from The Dollar to The Euro as it's currency to sell oil a few years ago? I don't remember the exact details but bad happen to them (Iraq). Something with booms.

You would want to trade for a more stable currency.  The EU is the epitome of unstable at the moment.

Which is sort of the issue for the dollar.  No other currencies are remotely close to being adequete as a reserve currency.

If the US did get "replaced" very soon it would be, by no reserve currency at all.  (Or an internationally created one like the good ole bancor.)

Part of the sability comes from everyone using it as a standard. 

If the USA goes into default then that would be bad - and we would see some major drama.  I would then if not the Euro it would be the Chinese Yaun for sheer volume.

I'm not refering to 'should' but 'more likely.'