A UN panel of expert economists pressed Thursday for a new global currency reserve scheme to replace the volatile, dollar-based system Full Story
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. Full Story
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, but which Geithner described as more modest and "evolutionary." Full Story
MOSCOW: At the coming G20 summit in London, Russia will push for sweeping global financial reforms designed to weaken U.S. dominance and replace the dollar with a new “super-national reserve currency.”
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