The European Union's top economy official said Tuesday that the U.S. dollar's role as the international reserve currency is secure despite Chinese calls for a global alternative.
EU Commissioner Joaquin Almunia says he didn't see "major structural changes in the role the dollar plays today as a major reserve currency" following a call by China's central banker for a new global currency controlled by the International Monetary Fund.
"Everybody agrees also that the present world reserve currency, the dollar, is there and will continue to be there for a long period of time," Almunia said after a meeting of the European Commission.
…
No comments:
Post a Comment