»Central Bank governor Zhou Xiaochuan proposed the establishment of an international reserves currency to reform the international monetary system.

»The currency would be disconnected from a particular sovereign state and would maintain long-term value.

» “The current financial crisis warns us that we must creatively reform and improve the existing international monetary system. We must have an international reserves currency that has a stable currency value, orderly supplies, and its total amount adjustable, so that a global economic and financial stability can be secured fundamentally,” Zhou said.