Thread Rating:
03-25-2009, 09:14 PM
"Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and "evolutionary."
"I havenât read the governorâs proposal. Heâs a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue," Geithner said, saying that however his interpretation of the proposal was to increase the use of International Monetary Fund's special drawing rights -- shares in the body held by its members -- not creating a new currency in the literal sense."
http://www.politico.com/blogs/bensmith/0...ml?showall
"I havenât read the governorâs proposal. Heâs a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue," Geithner said, saying that however his interpretation of the proposal was to increase the use of International Monetary Fund's special drawing rights -- shares in the body held by its members -- not creating a new currency in the literal sense."
http://www.politico.com/blogs/bensmith/0...ml?showall
03-25-2009, 09:19 PM
"The dollar fell briefly on Wednesday after US Treasury secretary Tim Geithner said he was open to exploring a Chinese proposal to reduce reliance on the US dollar as the world’s reserve currency."
http://www.ft.com/cms/s/0/e4c56948-1946-...fd2ac.html
http://www.ft.com/cms/s/0/e4c56948-1946-...fd2ac.html
03-25-2009, 10:01 PM
So Geithner is "Stonagel", who is "Carpathia"?
Users browsing this thread: 1 Guest(s)