Friday, March 20, 2009
replacing the dollar ... got gold?
China and other emerging nations back Russia's call for a discussion on how to replace the dollar as the world's primary reserve currency, a senior Russian government source said on Thursday. Russia has proposed the creation of a new reserve currency, to be issued by international financial institutions, among other measures in the text of its proposals to the April G20 summit published last Monday.
China backs talks on dollar as reserve -Russian source | Currencies | Reuters: "
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