|From Guardian: The dollar drops back as China's proposal for an IMF alternative gains ground. Russia plans to hold an international conference to discuss the creation of a global currency to replace the dollar.
According to the RIA news agency, Andrei Denisov, Russia's first deputy foreign minister, said: "This proposal is aimed at a practical realisation of the idea about a new global accounting unit or a new global currency. It is a question that should be discussed to create a consensus."....Full Article: Source