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Sunday, 14 August 2011
EU EURO COUNTRIES: Economic leadership at crux of turmoil: World Bank...
EU EURO COUNTRIES: Economic leadership at crux of turmoil: World Bank...: "Economic leadership at crux of turmoil: World Bank - Yahoo!"
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"The reality is that the dollar, for many reasons, will remain the principle reserve currency," he told the gathering which included political and business figures.
"But I think that we are likely to move to a system where there will be multiple reserve currencies.
"Over time I believe the renminbi could be part of this but, obviously, China has to move towards an open capital account," he said.
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