Currency plan 'not on the agenda'
Updated on 05 July 2009
China has no plans to raise its proposal for a new global currency to replace the dollar at the G8 meeting this week but is willing to discuss it, a top Chinese diplomat said, as President Hu Jintao left for Italy.
China is not one of the Group of Eight major economies but is attending the meeting in the Italian city of L'Aquila as part of a group of five large developing countries.
Beijing called in March for the creation of a new currency, possibly based on the IMF's Special Drawing Rights, created in the 1960s and used as the monetary standard for dealings between the fund and member governments.
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