China argues to replace US dollar

by Babel-Fish | June 27, 2009 at 04:43 pm

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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.

I am for a international monetary currency, domestic issues in the US created the havoc of the financal meltdown. The US dollar should not be the sovereign currency any more.

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