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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

World wants “major reserve currencies” stable: China

Posted on 25 June 2009

From Reuters: One of the lessons that the global financial crisis has taught the world is that the top reserve currencies should be kept stable, Chinese Foreign Minister Yang Jiechi said on Wednesday.

“Countries across the world have suffered heavy losses from the ongoing global financial crisis and economic recession,” Yang told a U.N. General Assembly meeting on the economic crisis and its impact on the developing world…….Full Article: Source


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