China Reiterates Call for New World Reserve Currency
Source: http://feedproxy.google.com/~r/YourFinancialFuture/~3/YjfezHJDesc/Posted on Saturday, June 27th, 2009 | In Gold Markets, Market Commentary
By Bloomberg News
June 26 (Bloomberg) #8212; China’s central bank renewed its call for a new global currency and said the International Monetary Fund should manage more of members’ foreign-exchange reserves, triggering a decline in the U.S. dollar.
“To avoid the inherent deficiencies of using sovereign currencies for reserves, there’s a need to create an international reserve [...]div class=”feedflare”
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Alex Stanczyk, bloomberg, central bank, China, Gold Markets, http, International Monetary Fund, Market Commentary
 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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