G-8 Is Poised to Discuss Dollar's Role as Reserve.

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  • Additional Information
    • Subject Terms:
      L'AQUILA (Italy); ITALY; UNITED States
    • Subject Terms:
      GROUP of Eight (Organization)
    • Abstract:
      The article reports on the plan of members of the Group of Eight (G-8) to discuss the role of the U.S. dollar as the world's reserve currency at a summit in L'Aquila, Italy in 2009. French Finance Minister Christine Lagarde has called for better foreign exchange policy coordination. On the other hand, Russian President Dmitry Medvedev supports the establishment of regional reserve currencies.