China's call for a new world currency interesting: IMF chief

IMF chief Dominique Strauss-Kahn says a discussion over China's call for a new world currency is ``absolutely legitimate'' and is likely to take place in coming months.

PARIS: IMF chief Dominique Strauss-Kahn says a discussion over China's call for a new world currency is ``absolutely legitimate'' and is likely to take place in coming months.

Strauss-Kahn says such a debate is ``interesting'' but isn't likely to move quickly. He says his bigger current focus is on finding a way out of the global financial crisis.

He told reporters in Paris on Wednesday that he didn't believe the dominance of the U.S. dollar among currencies was over, adding: ``Even the Chinese don't believe this.''

The governor of China's central bank has recommended creating a currency from a basket of currencies, controlled by the International Monetary Fund, as a way to support global economic and financial stability
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