Custom Search

Sunday, September 27, 2009

Official Says China Hopes for Forex Diversification

China hopes for diversification of the international
currency system in the future, and it would be
"normal" for the issue to be raised for discussion
at next week's Group of Eight summit, Vice Foreign
Minister He Yafei said on Thursday.

Speaking at a news briefing ahead of President Hu
Jintao attending a G8 summit in Italy next week,
He said he was not aware of reports that China
had requested a debate about global reserve currencies.

G8 sources told Reuters on Wednesday that Beijing
had asked for a debate on proposals for a new global
reserve currency at the G8 summit and the issue
could be referred to briefly in the summit statement.

No comments:

Post a Comment