18.02.2011 - EU to back IMF-led plan to rival US dollar
From Euractiv.com: As central bankers grow increasingly concerned about the volatility of the US dollar, the European Union looks ready to back a plan that could help buffer countries against swings in US exchange rates. At a meeting today (17 February) in Paris, finance ministers preparing for the G20 reunion later this year will consider adding the Chinese yuan to a basket of reserve currencies to rival the dominance of the dollar, according to an internal paper seen by EurActiv..............................................Full Article: Source
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