Right after we published our last post, namely Imminent Fluctuation in FX, China argues to replace US Dollar [2].
China's central bank has reiterated its call for a new reserve currency to replace the US dollar.
The report from the People's Bank of China (PBOC) said a "super-sovereign" currency should take its place.
Central bank chief Zhou Xiaochuan has loudly led calls for the dollar to be replaced during the financial crisis.
The bank report called for more regulation of the countries that issue currencies that underpin the global financial system.
"An international monetary system dominated by a single sovereign currency has intensified the concentration of risk and the spread of the crisis," the Chinese central bank said.
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