Chinese bitcoin exchange to shut downone news page video
He said it also should be used for trade, pricing commodities and accounting, not just government finance. Managing such a currency would require balancing the contradictory needs of countries with high and low growth or with trade surpluses or deficits, Pettis said. Beijing has been unusually bold in recent months in expressing concern about Washington's financial management and pushing for global economic changes.
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Trump, Kelly trade compliments in show of strength of relationship before cameras. US ending deal will be 'historic regret'. To better insulate countries from the ills of one country or one currency, Zhou said the IMF should create a "reserve currency" based on shares in the body held by its member nations, known as special drawing rights, or SDRs.
Melania Trump to keep focus on children as she formally rolls out policy priorities. For instance, being the world's third-largest economy and the largest foreign reserves holder, China should get its due place in the monetary body. Zhou also called for changing how SDRs are valued. Both the United States and the European Union brushed off the idea. Female high school quarterback throws TD on 1st pass in varsity game.
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Business deals around the world are done in dollars. China calls for new global currency. Hundreds arrested at anti-Putin demonstrations in Russia. He said the 16 European nations that use the euro have faced "huge difficulties" in managing monetary policy even though their economies are similar.