Source: CCTV.com

03-27-2009 10:55

US Treasury Secretary Timothy Geithner said he did not see any immediate change in the dollar's position, in a speech to the Council on Foreign Relations in New York on Wednesday.

US Treasury Secretary Timothy Geithner said he did not see  any immediate change in the dollar's position.

He had praise for the Chinese central bank governor's previous article about the reform of the international currency system. But he maintained the US dollar will continue to be the major global currency reserve for a long time to come. The US government will also step up measures to ensure the status of the dollar.

Timothy Geithner says, "I think the dollar remains the world's dominant reserve currency. I think that is likely to continue for a long period of time and as a country we will do what's necessary to make sure we're sustaining confidence in our financial markets and in the productive capacity of this country in our long-term fundamentals."

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Editor:Qin Yongjing