as I understand his proposal, it’s a proposal designed to increase the use of the IMF’s special drawing rights. And we’re actually quite open to that suggestion.

—Tim Geithner at CFR, commenting on a question about China Governor Zhou Xiaochuan’s proposal to alter the composition of IMF SDRs

The dollar slides 1.3% in ten minutes against the Euro

I’d like to ask one final question, in effect on behalf of the market. Let me ask the question this way. Do you see any change over the foreseeable future in the basic role of the dollar as the world’s key reserve currency?

—Roger Altman, founder of Evercore Partners Inc, former member of the Treasury under Clinton

I think the dollar remains the world’s dominant reserve currency.

—Tim Geithner’s response

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