The board room

[BullsEye]

China ‘Super Currency’ Call May Signal Dollar Concern (March 25 (Bloomberg) --
China’s call for the creation of a new international reserve currency may signal its concern at the dollar’s weakness and ambitions for a leadership role at next week’s Group of 20 summit, economists said.

Central bank Governor Zhou Xiaochuan this week urged the International Monetary Fund to expand the use of so-called Special Drawing Rights and move toward a “super-sovereign reserve currency.” The dollar weakened after the Federal Reserve said that it would buy Treasuries and the U.S. government outlined plans to buy illiquid bank assets.


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http://www.bloomberg.com/apps/news?pid=20601068&sid=acneRCVQY09Y&refer=economy