08.06.2009 - China pushes hard for a global reserve currency

From Expressbuzz.com: Recently China’s Central Bank chief argued for introduction of a global reserve currency in place of US dollar as the reserve currency. His argument was that the recent crisis was generated by excess liquidity linked to the dollar. The status of dollar as reserve currency allowed the US to carry deficits that were financed by the big exporting countries.......Full Article: Source

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