News around the web: China to push global currency

By Erik
Jul 7, 2009
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  1. Tekkaraiden

    Tekkaraiden TechSpot Maniac Posts: 880   +52

    Well at least my taxes are going to something fun for a change.
  2. tengeta

    tengeta TechSpot Enthusiast Posts: 632

    World currency...

    LOL
  3. Wendig0

    Wendig0 TechSpot Paladin Posts: 1,062   +69

    Don't laugh. The dollar is already a global reserve currency. It can be traded everywhere, and even spent in most countries. The sad thing, is that the dollar is so weak right now, China and Russia may have a more receptive audience at the G8. Especially since faith in Obama's economic plan is so low.
  4. Relic

    Relic TechSpot Chancellor Posts: 1,390   +16

    It's just a matter of time for a world currency...but I doubt it'll be here in our lifetime, maybe at the end or turn of the century /shurg.
  5. Interesting how China must unpeg and not depend on the US dollar so much in order to raise its own currency in global importance. Interesting article about this: http://www.mindreign.com/en/mindshare/Global-Economics/Yuan-Currency-3f/sl35291137bp313cpp10pn1.html
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