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China Backing Talks to change USD as reserve currency
Alex Stanczyk (March 20th, 2009) Writes:
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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