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Commodities Briefing - Categorized | Currencies, Market Moves more

Global currency flies with push from Russia and slip from Timothy Geithner

Posted on 27 March 2009

From Guardian: The dollar drops back as China’s proposal for an IMF alternative gains ground. Russia plans to hold an international conference to discuss the creation of a global currency to replace the dollar.

According to the RIA news agency, Andrei Denisov, Russia’s first deputy foreign minister, said: “This proposal is aimed at a practical realisation of the idea about a new global accounting unit or a new global currency. It is a question that should be discussed to create a consensus.”….Full Article: Source


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