China Wants New Global Currency: Dump Dollar
3/23/2009 at 8:22 PM
China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
Full story on the Financial Times website:
http://www.ft.com/cms/s/0/7851925a-17a2-11de-8c9d-0000779fd2ac.html
China is following the lead set by Russia last week:
http://www.themoscowtimes.com/article/600/42/375364.htm