China's central bank renewed its call for a new global currency and said the International Monetary Fund should manage more of members'foreign-exchange reserves, triggering a decline in the U.S. dollar.”To avoid the inherent deficiencies of using sovereign currencies for reserves, there's a need to create an international reserve currency that's delinked from sovereign nations,” the People's Bank of China said in its 2008 review released yesterday. The IMF shou…
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