Community | June 09, 2009 | 3 comments

China hints at IMF based supernational currency

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WakeUpPeople
Chinese central bank governor Zhou Xiaochuan caused a stir in late March by proposing that the Special Drawing Right, the International Monetary Fund's unit of account, could eventually replace the dollar.

Asked if the summit would broach the idea of a supernational currency, He said: "At the moment there are some experts and academics who have raised this issue and are discussing it at that level."

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