Jeffrey Sachs, special advisor to UN Secretary General Ban Ki-moon Currency basket can replace US dollar "I think China should play a cooperative role with Japan, South Korea and other Asian countries to introduce a regional currency while the world is trying to replace the old reserve currency system."
A UN advisor has suggested that a basket of currencies - including a regional currency in Asia - could replace the US dollar in shaping the global financial system. "I think China should play a cooperative role with Japan, South Korea and other Asian countries to introduce a regional currency while the world is trying to replace the old reserve currency system,"
The Group of 20 leaders yesterday pledged an additional $1.1 trillion to restore credit, growth and jobs in the world economy, announcing a broad raft of measures designed to hasten the end of the global financial crisis.
Clouds, chilly winds and widespread cynicism about the world leaders´ ability to overcome hardships embrace the Group of 20 (G20) Summit which opens in London today.