| From Moneymorning.com: The People’s Bank of China (BOC) reiterated its call for a new global currency to replace the dollar Friday, highlighting Beijing’s growing discomfort with the dollar, as well as its determination to win a greater role for its currency, the yuan.
“To avoid the inherent deficiencies of using sovereign currencies for reserves, there’s a need to create an international reserve currency that’s delinked from sovereign nations,” said in its 2008 review, released Friday........Full Article: Source
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