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December 15, 2009, 08:52:34 PM                                


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beast
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UN calls for new reserve currency
« October 06, 2009, 05:47:28 PM »
The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit.

"Important progress in managing imbalances can be made by reducing the reserve currency country?s 'privilege' to run external deficits in order to provide international liquidity," UN undersecretary-general for economic and social affairs, Sha Zukang, said.

Speaking at the annual meetings of the International Monetary Fund and World Bank in Istanbul, he said: "It is timely to emphasise that such a system also creates a more equitable method of sharing the seigniorage derived from providing global liquidity."

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beast
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Re: UN calls for new reserve currency
« October 06, 2009, 06:10:19 PM »
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