Islamic Bonds: A conversation with Marc Chandler
Global Currents speaks with Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman and professor at New York University. Prof. Chandler suggests the U.S. Treasury should issue dollar denominated Islamic Bonds to tap into the 450 Billion dollar surplus of oil exporting nations which is growing at a rate of 33% per-year. This concept is discussed along with it’s potential ramifications.