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March Zhou Xiaochuan



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5Vote!

George Kerevan: Dicing with currency value is a dangerous game with big risks

Scotsman.com (Free subscription) | 07/10/2009

... are held in dollars. China alone has $2 trillion (£1.3tn) held in the form of US Treasury bonds.In March, Zhou Xiaochuan, governor of the People's Bank of China, proposed the dollar be replaced by a new international reserve system managed by the International Monetary Fund. In June, the IMF itself floated the idea of replacing the greenback with so-called special drawing rights...

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