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6 years ago
Sunday, August 14, 2011
USA2007: EU EURO COUNTRIES: Economic leadership at crux of ...
USA2007: EU EURO COUNTRIES: Economic leadership at crux of ...: "EU EURO COUNTRIES: Economic leadership at crux of turmoil: World Bank... : 'Economic leadership at crux of turmoil: World Bank - Yahoo!'"
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"The reality is that the dollar, for many reasons, will remain the principle reserve currency," he told the gathering which included political and business figures.
ReplyDelete"But I think that we are likely to move to a system where there will be multiple reserve currencies.
"Over time I believe the renminbi could be part of this but, obviously, China has to move towards an open capital account," he said.