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G20: To Discuss New Reserve Currency

By Humphrey Bo | March 25, 2009

London: British Prime Minister Gordon Brown said in remark Wed morning that there will be no discussion on a new reserve currency at G20.

This was proposed by China and Russia recently, and an independent commission convened by the UN is set to recommend the same in a panel this week. (RFO).

If this view is upheld, what does this mean to the long-term survival of the US dollars? What will be the new defacto currency? Will they be resorting to the old gold standard? We shall be waiting to see this development.

Share your views below.

Tags: China, Currency, dollar, reserve

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