PARIS: IMF chief Dominique Strauss-Kahn says a discussion over China s call for a new world currency is absolutely legitimate and is likely to take place in coming months.
Strauss-Kahn says such a debate is interesting but isn t likely to move quickly. He says his bigger current focus is on finding a way out of the global financial crisis.
He told reporters in Paris on Wednesday that he didn t believe the dominance of the US dollar among currencies was over, adding: Even the Chinese don t believe this.
The governor of China s central bank has recommended creating a currency from a basket of currencies, controlled by the International Monetary Fund, as a way to support global economic and financial stability. -AP
