Global currency debate continues

L'AQUILA, ITALY - China again broached the topic of the global reserve currency at last week's (July 10) G-8 summit at L'Aquila, Italy.

"We should have a better system for reserve currency issuance and regulation, so that we can maintain relative stability of major reserve currencies exchange rates and promote a diversified and rational international reserve currency system," the Chinese representative, Dai Bigguo, is reported as saying.

French president Nicolas Sarkozy is also reported to have

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