Obama: no need to replace the dollar-based global currency

By March 26 electric on the 24th U.S. President Barack Obama in the White House since he took office, held the second prime-time television news conference that the object to the new global currency to replace the dollar.

According to Taiwan's United News Network reported that the People's Bank of China Governor Zhou Xiaochuan on the 23rd to appeal to a new international reserve currency to replace the U.S. dollar as the international currency. Obama President of the United States, the United States Federal Reserve Chairman Ben Bernanke and Treasury Secretary Gaynor object to express the same.

President Obama 24 the evening of television at the White House press conference, said, I do not think there is a new global currency needs. Bernanke and Treasury Secretary Geithner on the 24th also in the Congress said that they will not let the U.S. dollar as the international currency status was being challenged.

Obama said that at present, very strong dollar, which is on the U.S. economic outlook has enough confidence to invest because most people consider the political stability the United States are the world's most powerful economies.
EU Economic and Monetary Affairs amoniya executive member said that China and other emerging countries in the international economy on a more important role to play, but I did not expect the U.S. dollar as the international reserve currency role will be on any structural changes.

amoniya, I think we all agree Zhou Xiaochuan of the ideas is to strengthen the International Monetary Fund (IMF) role. But everyone also agrees that the U.S. dollar as the international reserve currency will continue for a period of time.