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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Beijing formalizes call for new reserve currency

Posted on 29 June 2009

From WSJ: China’s central bank reiterated its call for the creation of a new international currency that could replace currencies such as the dollar in countries’ official reserves.

In its annual report on financial stability, issued Friday, the People’s Bank of China said the country will push reform of the international currency system to make it more diversified and reasonable……..Full Article (Subscription Required) : Source


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