Talks on new world reserve currency legitimate: IMF chief

Posted by 7Star Saturday, March 28, 2009

IMF managing director Dominique Strauss-Kahn said Wednesday that talks on a new world reserve currency to replace the US dollar were "legitimate" and could take place "in the coming months." China this week called for a replacement of the dollar, installed as the reserve currency after World War II, with a different standard run by the International Monetary Fund.

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