China called Sunday for reform of the global currency system, dominated by the dollar, which it said is the root cause of the global financial crisis.
"We should attach great importance to reform of the international monetary system," Chinese Vice Finance Minister
Li Yong told the spring IMF/World Bank Development Committee meeting in
Washington.
A "flawed international monetary system is the institutional root cause of the crisis and a major defect in the current international economic governance structure," Li said, according to a statement.
China calls for reform of global monetary system
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