World Want Currency Stability
Forex June 16th, 2010
The global financial crisis has given a lesson the importance of stability in world currency values. Thus affirmed China’s Foreign Minister Yang Jiechi.
“Countries around the world have suffered large losses from the financial crisis and economic recession,” said Yang at a meeting of the UN General Assembly to discuss and receive the effects of economic crises in developing countries, as quoted by Reuters on Thursday (25/6/2009) .
“It is important to keep the exchange rate relatively stable world, and considering the international monetary system is diverse and rational,” he added.
In March and Central Bank of China Governor Zhou Xiaochuan said the currency should be based on the division of the IMF currently has 185 member countries, known as the special drawing right
