World Bank warns on dollar 'risk' for poor

Developing countries that have amassed large US dollar reserves face a growing threat of big losses from a sudden decline in the dollar, the World Bank warned on Wednesday.
In its 2005 Global Development Finance Report, the bank identified the “gravest risk” for emerging markets as a deep and disorderly dollar decline that would create financial market volatility and push up interest rates.
A dollar collapse, below what the bank's economists see as its long-term equilibrium level, could also result in “a costly restructuring of world industry that would have to be undone in following years as the dollar returned to its equilibrium level,” the bank said.
World Bank’s full report Click here