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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

China fund: Reform should ease reliance on one currency

Posted on 02 December 2009

From Dow Jones: The head of China’s pension fund said Tuesday reform of the world financial system ought to focus on reducing the system’s reliance on one nation’s currency as the reserve currency, state-run Xinhua News Agency reported.

“The core of the reform should be to change the monopoly one nation’s currency has in terms of reserve currencies,” the report cited National Social Security Fund Chairman Dai Xianglong as saying at a conference……………………………Full Article: Source

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