06:54 China PBOC calls for establishment of international reserve currency -- Dow Jones
In an essay published on the bank's website, the PBOC called for the creation over time of a currency that would be formed over time and would not be linked to any one nation, as part of a reform of the int'l financial system. The BPOC did not explicitly mention the role of the US dollar, though did say the goal would be to create an int'l reserve currency "that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies."