No US debt deal may cause dollar decline: IMF chief

Last Updated: Friday, July 29, 2011 - 09:55

Washington: Failure by the United States to raise the debt ceiling would likely lead to a decline in the US dollar and raise "doubts" among those using it as a reserve currency, the head of the IMF said on Thursday.

"One of the consequences could be a decline of the dollar as a reserve currency and a dent in people's confidence in the dollar," IMF Managing Director Christine Lagarde told PBS NewsHour in an interview.

Bureau Report

First Published: Friday, July 29, 2011 - 09:55

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