China Backing Talks to change USD as reserve currency
Source: http://feedproxy.google.com/~r/YourFinancialFuture/~3/3mTcWhqM3_g/Posted on Friday, March 20th, 2009 | In Gold Markets
Contributed by: Alex Stanczyk (http://rapidtrends.com/blog) -
By Gleb Bryanski of Reuters
MOSCOW – China and other emerging nations back Russia’s call for a discussion on how to replace the US dollar as the world’s primary reserve currency, a senior Russian government source said.
Russia has proposed the creation of a new reserve currency, to be issued by international financial institutions, among other measures in the text of its proposals to the April G20 summit published last Monday.
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Alex Stanczyk, China, Gleb Bryanski;, Gold Markets, Moscow, Reuters, Russia, Russian Government
 About Alex Stanczyk (http://rapidtrends.com/blog)
Alex Stanczyk is the editor of Your Financial Future. Mr. Stanczyk has launched numerous businesses, acted as the CEO of a Publicly Traded US Company, and brings over 21 years of business experience to YFF. He has authored numerous articles, mentored hundreds in personal finance and wealth building, and spends at least 4 hours each day studying the global markets, drawing insight and conclusions from the flows of global commerce. As an Affiliate of Anglo Far East Bullion Company, Mr. Stanczyk specializes in teaching foundational principles of money, the gold market, and why gold has been a storehouse for wealth for thousands of years. |
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