reuters.com - 3/19/2009
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By Gleb Bryanski MOSCOW, March 19 (Reuters) - 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 ...
politico.com - 3/25/2009
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politico.com —
Geithner, at the Council on Foreign Relations, said
the U.S. is "open" to a headline-grabbing proposal by...
the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, ...
(more)
Geithner 'open' to China proposal
ft.com - 3/23/2009
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ft.com —
China’s central bank on Monday proposed replacing the
US dollar as the international reserve currency with a...
new global system controlled by the International Monetary Fund. In an essay posted on the People’s Bank of China ’s website, Zhou Xiaochuan, ...
(more)
FT.com / Asia-Pacific - China calls for new reserve currency
online.wsj.com - 3/26/2009
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online.wsj.com —
As if the dollar didn't have enough problems,
Timothy Geithner took China's bait yesterday and said he...
was "quite open" to its suggestion this week to displace the greenback with an "international reserve currency." The dollar promptly fell and stocks ...
(more)
China and the Dollar
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China backs talks on dollar as reserve -Russian source
Democratic Underground Latest Breaking News —
... finance ministers meeting last week, as the big emerging powers seek to up their influence on decisionmaking globally. Their first ever joint communique did not mention a new currency but the source said the issue was discussed. "They (China) did not formally put forward their position for the G20 summit but unofficially they had distributed their paper regarding the same ideas (the need for the new currency)," the source told Reuters, speaking on condition of anonymity. Read more: http://www.reuters.com/article/usDollarRpt/idUSLJ936330...
Another day, another call for a new global reserve currency
The Agonist - thoughtful, global, timely —
This is the 3rd article in 5 days documenting foreign calls for replacement of the dollar as the global reserve currency. TJFXH posted the first from last week on the 19th when Reuters carried this stunning article on Russia floating the idea for the need for a reserve currency prior to the G20 and receiving alleged positive reactions from at least China, South Korea, S. Africa, and India.
Reuters
continue reading after the jump
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