Submit a Story!
Votes
vote down flag
China: replace dollar as reserve currency
news.yahoo.com - 3/24/2009
China: replace dollar as reserve currency
—
China's proposal on launching a global currency 'serious' AFP/File Zhou Xiaochuan, governor of the People's Bank of China, said he wants to replace the dollar, installed
ft.com - 3/24/2009
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

Comments vote down Calculated Risk found this 3/24/2009found this
China Takes Aim at Dollar
online.wsj.com - 3/24/2009
China Takes Aim at Dollar
— online.wsj.com — [Zhou Xiaochuan, governor of the People's Bank of China.] Reuters Zhou Xiaochuan, governor of the People's Bank... of China. (more) China Takes Aim at Dollar

Comments vote down Minyanville found this 3/24/2009found this
ft.com - 3/31/2009
FT.com / Americas / Economy & Trade - China and Argentina in currency swap
— ft.com — China, which is pushing to end the dominance of the dollar as a worldwide reserve, has agreed... a Rmb70bn ($10.24bn, £7.18bn, €7.76bn) currency swap with Argentina that will allow it to receive renminbi instead of dollars for its exports to the Latin ... (more) FT.com / Americas / Economy & Trade - China and ...
Comments vote down FT Alphaville found this 3/31/2009found this

Blog Reactions

Alea:  Dump Dollar as Reserve Currency: China

The Aleph Blog:  Translation: We Really, REALLY, Hate You Guys!!

Comments
Blog Reactions

Dump Dollar as Reserve Currency: China
Alea — Here Add: looking forward to the G20 “communique” Email this post

Translation: We Really, REALLY, Hate You Guys!!
The Aleph Blog — ... So today, we get another volley from China as they realize that they are stuck holding US Dollar denominated assets that they are more certain than ever will depreciate.  They see injustice in having bought too many dollars in exchange for the ...

Related Content
UN wants new global currency to replace dollar
telegraph.co.uk 9/8/2009 — Crumpled dollar bill - UN wants new global currency to replace dollar
IMF Says New Reserve Currency to Replace Dollar Is Possible
bloomberg.com 6/8/2009 — June 6 (Bloomberg) -- The International Monetary Fund said it’s possible to take the “revolutionary” step of creating a new global reserve currency to replace the dollar over time. The IMF’s so-called special drawing rights could be used as the basis ...
China Voices Support For New Global Currency To Replace Dollar
hf-implode.com 3/23/2009 — " China has expressed support for Russia’s proposal to hand the IMF the power to create a new supra-national global currency in response to the call for an alternative to the U.S. dollar as the world reserve currency."
What Everyone Ought to Know About the ‘World Currency’
bankling.com 4/7/2009 — Beijing central bank governor Zhou Xiaochuan had suggested that a new reserve currency be adopted — one that could replace the U.S. dollar as the global currency predominantly used in trade between nations. Read why it could be a possibility.
Dollar Falls Most in Month as China Urges New Reserve Currency
bloomberg.com 6/29/2009 — June 27 (Bloomberg) -- The dollar declined the most against the euro in a month and dropped versus the yen after China repeated its call for a new global currency. The Swiss franc declined against the euro and dollar this week as foreign-exchange ...
FT.com / US & Canada - US dollar backed as reserve currency
ft.com 6/2/2009 — A leading Chinese financial official on Monday rejected suggestions the US dollar could be replaced quickly as the global reserve currency, as US Treasury secretary Tim Geithner arrived in China on his first official visit. “In the short term I don’t ...
FT.com / Comment / Opinion - We should listen to Beijing’s currency idea
ft.com 4/9/2009 — Zhou Xiaochuan , governor of China’s central bank, has suggested creating a “super-sovereign reserve currency” to replace the dollar over the long run. He would sharply enhance the global role of special drawing rights, the inter­national asset ...
Could the US Dollar be Replaced as the World’s Reserve Currency? What it Would Mean
darwinsfinance.com 10/19/2009 — Could a basket of currencies and gold replace the US Dollar as the primary reserve currency globally? That’s a question that’s been batted around for a while, usually amongst fringe naysayers and ranting leaders of Venezuela and middle east regions.  ...
SDR vs $: What it takes to be an international reserve currency
VoxEU.org 5/14/2009 — Owen F. Humpage , 8 May 2009 China recently called for SDRs to replace the dollar as the international reserve currency and diminish the US economic supremacy. This column argues that because of the huge network benefits associated with using ...
China Proposes Super-Sovereign Reserve Currency (Update1)
bloomberg.com 3/24/2009 — March 23 (Bloomberg) -- China’s central bank Governor Zhou Xiaochuan said the International Monetary Fund should aim in the long-term to create a “super-sovereign reserve currency.” The goal is to have a “currency that is disconnected from individual ...