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Old 06-26-2009, 03:35 PM   #1
iainl140285
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Join Date: Sep 2008
Location: Scotland
Posts: 974
Default Replacing the Dollar

China's central bank has reiterated its call for a new reserve currency to replace the US dollar.

The report from the People's Bank of China (PBOC) said a "super-sovereign" currency should take its place.

Central bank chief Zhou Xiaochuan has loudly led calls for the dollar to be replaced during the financial crisis.

The bank report called for more regulation of the countries that issue currencies that underpin the global financial system.

http://news.bbc.co.uk/1/hi/business/8120835.stm
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