"There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar."

Previous Quote

We are privileged that the dollar is the "currency of last resort" and the most important currency in the world. Global commodities are priced in dollars. Central banks in other countries hold great quantities of dollars. The dollar was the safe harbor, the port in the storm during the credit crisis.

— Kabir Sehgal