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politico.com - 3/25/2009

Geithner 'open' to China proposal

— 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

World

China

International Monetary Fund

Comments vote downundo vote up Pat Dollard | Young Americans found this 3/25/2009found this

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ft.com - 3/23/2009

FT.com / Asia-Pacific - China calls for new reserve currency

— 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

World

China

International Monetary Fund

Bank of America

Comments vote downundo vote up Newshoggers.com found this 3/23/2009found this

7

online.wsj.com - 3/26/2009

China and the Dollar

— 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

White House

Comments vote downundo vote up The Corner on National Review Online found this 3/26/2009found this

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Press Conference: Minor Notes
Obsidian Wings — ... "Would you categorically renounce the United States moving away from the dollar and going to a global currency as suggested this morning by China and also by Russia. Mr. Secretary? Geithner: I would, yes. Bachmann: And the Federal Reserve Chair? Bernanke: I would also." You might be wondering: what is this global currency business? As best I can tell, this is what Fox and Bachmann are talking about: "China's call for a new international reserve currency may signal its concern at the dollar's weakness and ...

Press Conference: Minor Notes
Political Animal — ... on Michele Bachmann, you might recall that she asked a similar question in the hearings today: "Bachmann: Would you categorically renounce the United States moving away from the dollar and going to a global currency as suggested this morning by China and also by Russia. Mr. Secretary? Geithner: I would, yes. Bachmann: And the Federal Reserve Chair? Bernanke: I would also." You might be wondering: what is this global currency business? As best I can tell, this is what Fox and Bachmann are talking about: "China's call for a new international reserve currency may signal its ...