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New Global Reserve Currency

The governor of China´s central bank, Zhou Xiaochuan, has come up with an innovative idea to introduce a global currency in an effort to redefine the rigid global financial regime, which has undergone no major change since World War II.
Do you think the US dollar´s monopoly was the root of the financial crisis? Would this reform eliminate the inherent deficiencies of the current global currency system? Is it easy to do this?

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1lee chao
china
05-29
i think the US dollar麓s monopoly was the root of the financial crisis, but now it is changging. it maybe not easy but we better to make it.
2rainbow
japan
11-09
Leave dolar $ as long as $ used as global currency. usa always create war and intervention world
3Ken
Canada
10-10
The whole issue of individual countries and thier currencies is part of the problem. What we need now is a global governmment, global currency and all parties participating in making this SMALL EARTH a better place to live!The United Nations is a JOKE! Time to reform things don´t you think?The NEW GLOBAL ECONOMY is too integrated now to stop the movement towards more equalization among Nations. When will China, Russia, Venezuella, North Korea, and the USA just to name a few, start co-operating with the rest of the world towards harmonization and co-ordination of resources for the betterment of mankind?
4LILY
CHINA
06-30
yeah ,i do thenk the financial crisis is due to the US dollars ´s monopoly .so the recovery of the economic recession will also start from the US.it seems that the whole world´s economic rebound will totally depend on the US economice status .Thus ,the chang of theinternatial universal currency is vital and essential to reverse the present severe situation .however ,changeing the currency is not a easy task .It need the common sense of different contries all over the world whether yuan can be taken as the universal currency .it mabe needs a long period ,and has a long way to go .But i dio think the measure can eliminate the inherent deficiencies
5Dodie
U.S.A.
06-28
The best world reserve currency would be gold or silver! No country´s currency should be the international currency. The major down turn in world economy is large unregulated corporate control which exists in all countries, not only the USA. Hopefully China will learn from the mistakes by the USA by keeping the large corporations鈥� financial power regulated!

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