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Treasury Secretary Geithner says the U.S. “open” to a global currency

by associate on March 25, 2009

Source: Roger C. Altman and Timothy F. Geithner. “A Conversation with Timothy F. Geithner.”  Council on Foreign Relations. March 25, 2009.

In so doing, he encouraged the Chinese, the Russians, Persian Gulf states and others who seek substantially to diminish the power of the United States in international markets and commerce. Beijing has proposed the adoption of a global currency to replace the American dollar. Such a new currency could also limit Washington’s ability to manage the American economy. Efforts to supplant the dollar as the world’s preeminent reserve currency should be discouraged, not abetted by the U.S. government.

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