Replacing the Dollar

iainl140285 · 06-26-2009, 03:35 PM

China's central bank has reiterated its call for a new reserve currency to replace the US dollar.

The report from the People's Bank of China (PBOC) said a "super-sovereign" currency should take its place.

Central bank chief Zhou Xiaochuan has loudly led calls for the dollar to be replaced during the financial crisis.

The bank report called for more regulation of the countries that issue currencies that underpin the global financial system.

http://news.bbc.co.uk/1/hi/business/8120835.stm

06-26-2009, 03:35 PM	#1
iainl140285 Avalon Senior Member Join Date: Sep 2008 Location: Scotland Posts: 974	Replacing the Dollar China's central bank has reiterated its call for a new reserve currency to replace the US dollar. The report from the People's Bank of China (PBOC) said a "super-sovereign" currency should take its place. Central bank chief Zhou Xiaochuan has loudly led calls for the dollar to be replaced during the financial crisis. The bank report called for more regulation of the countries that issue currencies that underpin the global financial system. http://news.bbc.co.uk/1/hi/business/8120835.stm