8
September
UN wants new global currency to replace dollar
8 September 2009 The Telegraph
In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.
It added that the present system, under which the dollar acts as the world's reserve currency, should be subject to a wholesale reconsideration.
