Posts Tagged ‘US dollar’

China calls for new global currency to replace the US dollar

Sunday, June 28th, 2009

(PTI): China’s central bank has renewed its call for a new global currency to replace the US dollar — Beijing’s latest effort to diversify its currency reserves.

“To avoid the inherent deficiencies of using sovereign currencies for reserves, there’s a need to create an international reserve currency that’s de-linked from sovereign (more…)